We do have a way for this question.Only way is to think out of the box. Let me tell you how it goes:
Volume of cylinder= (pi) (r)(r)(h)= 48.125
(r)(r)h = 15.3125
15.3125 is not a perfect square. To make it perfect square, h should be 5cm.
Now (r)(r)=15.3125/5 = 3.0625 which makes r = 1.75cm
Therefore, rectangular sheet has length of 2(pi)(r)=11cm and width (h) of 5cm.
After cutting a square of 0.5cm from each corner, the dimension of the cuboid becomes:
Length=11-1=10cm; Breadth=5-1=4cm; Height=0.5cm.
Therefore, Volume of cuboid= 10 x 4 x 0.5 = 20 cubic cm.