The correct option is C 2√5 ms−1
When the block hits ground, let its speed be v.
The velocity of both blocks are equal in magnitude (v) and opposite in direction, so as to maintain string's length constant.
Applying mechanical energy conservation for system:
Loss in PE of m2=Gain in KE of m1+Gain in KE of m2+Gain in PE of m1 ...(i)
∵h=2 m is the displacement of both blocks in opposite directions, when m2 hits the ground. i.e m2 moves downward & m1 moves upward
From Eq. (i),
m2gh=12m1v2+12m2v2+m1gh
(12×10×2)−(4×10×2)=12×(m1+m2)v2
⇒160=8v2
∴v=√20=2√5 ms−1