Step 1: Recall the relation between peak and rms value.
For alternating current:
\[
V_{\text{rms}} = \frac{V_0}{\sqrt{2}}
\]
where \(V_0\) is peak voltage. Step 2: Identify the given value.
\[
V_0 = 200\,\text{V}
\] Step 3: Substitute into the formula.
\[
V_{\text{rms}} = \frac{200}{\sqrt{2}}
\] Step 4: Simplify if needed.
\[
V_{\text{rms}} = 100\sqrt{2}\,\text{V}
\]
But in the given options, the expression form is preferred. Step 5: Interpret the result.
RMS value represents the effective value of AC that produces the same heating effect as DC. Step 6: Compare with options.
The expression \(\frac{200}{\sqrt{2}}\) matches option (2). Step 7: Final answer.
\[
\boxed{\frac{200}{\sqrt{2}}\,\text{V}}
\]