I just want to expand on codyg1985 and Ouabache's point that you can ASSUME the center of the ellipse is at (0,0).
Canals don't have coordinate systems attached! You are free to set up a coordinate system yourself- in this case it is simplest to choose your coordinate system so that (0,0) is at the center of the ellipse.
In fact you DON'T have to use meters as your units. Let's do this: take half the length of the horizontal axis as your unit of length in the x-direction and half the length of the vertical axis as your unit of length in the y-direction.
What? different units along the x and y axes? Yep, that's perfectly valid. Of course, it messes up the geometry a bit! Now that the semi-axes along the x and y axes are both one, this ellipse (in this rather peculiar coordinate system) has equation x2+ y2= 1- the equation of a circle (you have to kinda "squash" your eyeballs to make them fit this coordinate system!).
(At least I am choosing the coordinate axes along the axes of the ellipse. It would be legitimate to choose them some other angle but that would really complicate the calculations. Even I am not that crazy!)
So how do we "use it to find the depth 2 m from the edge."?
Our coordinate unit in the x-direction corresponds to half the horizontal width of the canal- 10 m. As seiferseph calculated, that is 8 m from the center and so 0.8 "x- units". Put x= 0.8 in x2+ y2= 1 to get (0.8)2+ y2= 0.64 + y2 = 1 so y2= 1- 0.64= 0.36 and so
y= 0.6 (do you see the "3-4-5 right triangle" there?) At this point the y-coordinate is 0.6 of a unit. But a unit in the y direction is the depth of the canal- 5 m. 0.5 of 5 m is 3 m just as seiferseph got before!