The population of a town is 10000. It increases annually at the rate of 20% p.a. What will be its population after 5 years? Choose the correct choice from the following:
A) 14300
B) 24883
C) 14500
D) 14600
E) 15400
Formula :   ( After =100 denominator   Ago = 100 numerator)   10000 × 120/100^5 = 24883   24883)
<result>B</result>
The population of a town is 10000. It increases annually at the rate of 20% p.a. What will be its population after 5 years?