Assume height above ground where arrow hits rock is s meters.
Rock: 18.35 - s = (1/2)*9.8*t2 where t = time in seconds and accn of gravity = 9.8m/sec2
Arrow: s = 47*t - (1/2)*9.8*t^2
Replace s in the first equation using the second equation:
18.35 - (47t - (1/2)9.8*t^2) = (1/2)*9.8*t2
18.35 - 47t + (1/2)*9.8*t2 = (1/2)*9.8*t2
18.35 - 47t = 0
t = 18.35/47 ≈ 0.39 secs
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The above uses the fact that for constant acceleration situations:
distance = initial velocity*time + (1/2)*acceleration*time2