The population of a town is 10000. It increases annually at the rate of 10% p.a. What will be its population after 2 years?  Choose the correct choice from the following options:
A) 12100
B) 14400
C) 14500
D) 14600
E) 14700

Rationale: "formula : 10000 × 110 / 100 × 110 / 100 = 12100 answer : a"
Answer: A