Answer
$V=\pi h(x+y)(x-y)$
Work Step by Step
Using $V=\pi r^2h$ or the volume of a cylinder, then the volume of the entire cylinder is $V=\pi x^2h$ and the volume of the hole is $V=\pi y^2h.$ Subtracting these two volumes, then the volume of the solid figure is
\begin{array}{l}\require{cancel}
V=\pi x^2h-\pi y^2h
\\
V=\pi h(x^2-y^2)
\\
V=\pi h(x+y)(x-y)
.\end{array}