A ball of mass 400 grams is immersed in water.  The ball is suspended in the water by a rubber band chain which exerts a tension force of 2.5 Newtons on the ball. 

The weight of the ball is the force exerted on it by gravity.  If allowed to fall freely gravity would accelerate it at 9.8 m/s^2 so its weight is

weight = F_grav = m * accel_grav = m g

The net force on the ball is zero, since it's in equilibrium.  Its 3.92 N weight acts downward, and the 2.5 N tension force acts upward. 

To achieve equlibrium there must be a buoyant force F_bouy such that

2.5 N - 3.92 N + F_buoy = 0

and we conclude that the buoyant force is

F_buoy = 1.42 N.

By Arcihimedes' Principle the buoyant force on an object is equal to the weight of the water it displaces.

The ball must therefore displace an amount of water weighing 1.42 N.

Water has a mass density of 1000 kg / m^3, so its weight density is 1000 kg / m^3 * 9.8 m/s^2 = 9800 N / m^3.

If V is the water displaced, then its weight is equal to V * 9800 N/m^3 so

This is also .145 liters, or 145 cm^3.

The density of the ball is

This can also be expressed in kg / m^3 as 2800 kg / m^3.