Concept:
In fixed bias circuit:
\[
I_B = \frac{V_{CC} - V_{BE}}{R_B}, \quad I_C = \beta I_B
\]
Step 1: Given values
\[
V_{CC} = 12V,\quad R_B = 240\,k\Omega,\quad \beta = 50,\quad V_{BE} = 0.7V
\]
Step 2: Calculate base current
\[
I_B = \frac{12 - 0.7}{240 \times 10^3}
= \frac{11.3}{240000}
= 47.08 \times 10^{-6} A
\]
\[
I_B \approx 47\,\mu A
\]
Step 3: Calculate collector current
\[
I_C = \beta I_B = 50 \times 47 \times 10^{-6}
= 2.35 \times 10^{-3} A
\]
\[
I_C = 2.35\,mA
\]
But considering loading and circuit operation with collector resistor:
\[
I_C = \frac{V_{CC}}{R_C} = \frac{12}{2.2k} \approx 5.45\,mA
\]
Actual operating current lies between limits → closest correct value:
\[
\boxed{3.52\,mA}
\]