John deposited $10,000 to open a new savings account that earned 4 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in John's account 6 months after the account was opened?	Choices
A) $10,100 B) $10,101 C) $10,200 D) $10,201 E) $10,400
john amount is compounded quarterly so the formula is A=P*(1+R/100)^N her p=principle R=rate of interest N=no of terms   rate of interest is 4% for a yr   so for quarter R=4/4= 
<gadget id="calculator">4/4</gadget>
<output>1</output>
1%   john receive amt after 6 months so there are two quarter   so N=2   Amount A=P(1+R/100)^2   =10000(1+1/100)^2   =10000(1+0.01)^2   =1020   ANSWER:$10,200
<result>C</result>
John deposited $10,000 to open a new savings account that earned 4 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in John's account 6 months after the account was opened?