Step 1: Determine the number of generations.
Given,
\[
\text{Generation time}=30\text{ min}.
\]
Total time,
\[
2\text{ hours}=120\text{ min}.
\]
Hence,
\[
n=\frac{120}{30}=4.
\]
Step 2: Use the bacterial growth formula.
The number of cells after \(n\) generations is
\[
\boxed{
N=N_0\,2^n,
}
\]
where
• \(N_0=10^4\),
• \(n=4\).
Therefore,
\[
N
=
10^4\times2^4
=
10^4\times16
=
1.6\times10^5.
\]
Hence,
\[
\boxed{1.6\times10^5}
\]
is the correct answer.
Therefore,
\[
\boxed{(C)}
\]
is the correct answer.