The population of a town is 231400. If it increase at the rate of 3% per annum. What will be its population for 2years hence?  Choose the correct option:
A) 200000  B) 245492  C) 194582  D) 194481  E) 215460
population after 2years = 231400*(1+ 3/100)^2 = 245492   Answer is 245492
<result>B</result>
The population of a town is 231400. If it increase at the rate of 3% per annum. What will be its population for 2years hence?