MathNet 2012 Question 1

The cost of organizing the National Mathematical Olympiad increases each year by $0.5\%$ over the preceding year. In which year will it be exactly twice the 2012 cost?
Note: the 2012 cost is nonzero.
(A) 2023 (B) 2150 (C) 2151 (D) 2212 (E) never.