At the bottom of tank pressure is $3$ atmosphere. So, total pressure due to water column
$ = h\rho g = 2 \times {10^5}\,\left( {two\,atmosphere} \right)$
$ \Rightarrow \,gh = \frac{{2 \times {{10}^5}}}{\rho } = \frac{{2 \times {{10}^5}}}{{{{10}^3}}} = 2 \times {10^2}$
$ \Rightarrow v = \sqrt {2 \times 2 \times {{10}^2}} = \sqrt {400} \,m/\sec $



