If the annual increase in the population of a town is 10% and the present number of people is 15000, what will the population be in 2 years?
Pick.
A) 12100  B) 15240  C) 18150  D) 18452  E) 19002

Rationale: "the required population is = 15000 ( 1 + 10 / 100 ) ^ 2 = 15000 * 11 / 10 * 11 / 10 = 18150 answer is c"
Answer: C