John deposited $10,000 to open a new savings account that earned 6 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) $10,100.30 B) $10,101.50 C) $10,200.75 D) $10,302.25 E) $10,400.25
6 percent annual interest compounded quarterly --&gt; 1.5% in 3 moths.   For the first 3 moths interest was 1.5% of $10,000, so $150;   For the next 3 moths interest was 1.5% of $10,000,plus2.25 earned on previous interest of $150, so $150+$2.25=$152.25;   Total interest for 6 months was $150+$152.25  150+ 2.25= 
<gadget id="calculator">  150+ 2.25</gadget>
<output>152.25</output>
$152.25;   Total interest for 6 months was $150+$152.25=$302.25, hence balance after 6 months was $10,000+ $302.25 150+ 152.25= 
<gadget id="calculator"> 150+ 152.25</gadget>
<output>302.25</output>
$302.25, hence balance after 6 months was $10,000+ $302.25=$10,302.25.   Answer: $10,302.25.
<result>D</result>
John deposited $10,000 to open a new savings account that earned 6 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?