You have a 200 GB uncompressed backup tape. It will handle 400 GB @ 2::1 compression. Usually, you don't get this. I get 1:1 to 1.3 : 1 compression on average. So It would be 200 GB (1:1) to 260 GB (1.3:1) . Check what your compression ratio is and do the math.
File compression is an exact science. MPeg, pictures, movies, game files, SQL files will not compress. Some get under 1:1 compression on backup tapes. Word, Excel, text get awesome compression. Check your tape log and see what your compression ratio for the backup is.