Correct Answer - Option 2 : 15,870
Given:
Population of town = 12,000
Percentage increase in population = 15%
Concept used:
Population of the city in n years = initial population × (1 + r/100)n
Calculation:
Population of the city in two years = 12,000 × (1 + 15/100)2 = 15,870
∴ The population of the city in two years is 15,870.