Draw a diagram to visualize the situation:
Notice that the vertical component of the velocity can be found using the sine trigonometric function:
[tex]v_y=v\cdot\sin (2º)[/tex]Substitute v=133.3m/s to find the vertical component of the velocity:
[tex]v_y=133.3\frac{m}{s}\times\sin (2º)=4.65\frac{m}{s}[/tex]Use the formula v=d/t to find the time that it takes for the plane to descend 500m. Isolate t:
[tex]\begin{gathered} t=\frac{d}{v} \\ \Rightarrow t=\frac{500m}{4.65\frac{m}{s}}=107.5s \end{gathered}[/tex]Then, the vertical component of the velocity is 4.65m/s (downwards) and it takes 107.5s to descend 500m.