The population of a town is 216400. If it increase at the rate of 4% per annum. What will be its population for 3years hence?	Choose the correct option:
A) 200000
B) 243420
C) 194582
D) 194481
E) 215460
population after 3years = 216400*(1+ 4/100)^3 = 243420   Answer is 243420
<result>B</result>
The population of a town is 216400. If it increase at the rate of 4% per annum. What will be its population for 3years hence?