Step 1: Understand the concept of van't Hoff factor.
The van't Hoff factor (\(i\)) is the number of particles into which a solute dissociates in solution. For a solution, if the solute is completely dissociated, then the van't Hoff factor \(i\) equals the number of particles produced. For incomplete dissociation, it can be less than this value.
Step 2: Ionisation of \( K_2HgI_4 \).
The dissociation of \( K_2HgI_4 \) can be represented as:
\[
K_2HgI_4 \rightarrow 2K^+ + HgI_4^{2-}
\]
If 100% of the \( K_2HgI_4 \) dissociates, it would produce 3 ions: 2 \( K^+ \) and 1 \( HgI_4^{2-} \), so the ideal van't Hoff factor is \( i = 3 \).
Step 3: Use the ionisation percentage.
Since the solution is 95% ionised, the dissociation is 95% of the ideal value. Hence, the actual van't Hoff factor is:
\[
i = 3 \times 0.95 = 2.85
\]
Step 4: Approximate the van't Hoff factor.
The approximate value of the van't Hoff factor is \( i \approx 2.90 \), which corresponds to option (D).
Step 5: Conclusion.
Thus, the approximate value of the van't Hoff factor for the \( K_2HgI_4 \) solution is 2.90.