The Income of a man increase consistently by 2% per year. If his present income is Rs. 12000 then what will his income be after 1 year ?  Choose the correct choice from the following answers
A) 12040
B) 12140
C) 12240
D) 12340
E) 12440

Rationale: explanation : income = 12000 x 1.02 = 12240 answer : option c
Answer: C