If the annual increase in the population of a town is 10% and the present number of people is 12000, what will the population be in 2 years?	Choose the correct answer
A) 12100	B) 15240	C) 12456	D) 11452	E) 14520

Rationale: "the required population is = 12000 ( 1 + 10 / 100 ) ^ 2 = 12000 * 11 / 10 * 11 / 10 = 14520 answer is e"
Answer: E