We began with 1200 bacteria, and that amount is increased by 1.5 (that is growth of 50%) each hour.
bacterial growth is an exponential function given by the formula y = a (1+r)t
where a = the initial amount, r = the growth rate, and t = the number of time intervals.
in this case, we have y = 1200 · (1.5)12
that number will be about 155,000
On this subject, you might want to look at http://www.textbookofbacteriology.net/growth_3.html
Exponential growth is not a perfect model of bacterial growth by binary fission, due to the fact that bacterial growth is no synchronized, but it is the appropriate model to use.