Law of efflux (Torricelli’s theorem) : The speed of efflux for an open tank through an orifice at a depth h below the liquid surface is equal to the speed acquired by a body falling freely through a vertical distance h.
Consider a tank with cross-sectional area A holding a static liquid of density ρ. The tank discharges through an opening (of crosssectional area A ) in the side wall at a depth h below the surface of the liquid. The flow speed at which the liquid leaves the tank is called the speed of efflux.

The pressure at point 2 it is the atmospheric pressure p0 Let the pressure of the air above the liquid at point 1 be ρ. We assume that the tank is large in cross section compared to the opening (A1 >> A2) so that the upper surface of the liquid will drop very slowly. That is, we may regard the liquid surface to be approximately at rest v1 ≈ 0). Bernoulli’s equation, in usual notation, states p1 + 1/2 ρv12 + ρgy1 = p2 + 1/2 pv22+ ρgy2 Substituting p1 = p, p2 = p0 , v1 ≈ 0 and (y1 – y2) = h,
v22= 2 \(\frac{p-p_0}p\) + 2gh
If the tank is open to the atmosphere, then p = p0
v2 = √{2gh}
which is the law of efflux.
[Note : For an open tank, the speed of the liquid, v2 , leaving a hole a distance h below the surface is equal to that acquired by an object falling freely through a vertical distance h.]