Correct Answer: Option B

Explanation

1st year, Population = 240,000 x (\(\frac{2}{100}\)) = 4800.
Being the 2nd year population = 240,000 + 4800 = 244800.
Increase in Pop. in 2nd year = 244800 x (\(\frac{2}{100}\)) = 4896
Jan 2000, Pop. = 244800 + 4896 = 249,696

There is an explanation video available below.

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