Step 1: Find the magnetic field and initial flux linkage.
\( n = 100\,\text{turns/cm} = 10^4\,\text{turns/m} \). \( B = \mu_0 nI = 4\pi\times10^{-7}\times10^4\times\frac{4}{\pi} = 16\times10^{-3}\,\text{T} \). Flux linkage in inner coil: \( N\Phi = 200\times16\times10^{-3}\times25\times10^{-4} = 8\times10^{-3}\,\text{Wb} \).
Step 2: Find induced EMF when current reverses.
Change in flux linkage \( = 2\times8\times10^{-3}\,\text{Wb} \). \[ \varepsilon = \frac{\Delta(N\Phi)}{\Delta t} = \frac{16\times10^{-3}}{0.04} = 0.4\,\text{V} \] \[ \boxed{0.4\,\text{V}} \]