John deposited $10,000 to open a new savings account that earned 8 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?  Choose the correct choice from the following options:
A) $10,100	B) $10,101	C) $10,200	D) $10,201	E) $10,404
8 percent annual interest compounded quarterly --&gt; 2% in 3 moths.   For the first 3 moths interest was 2% of $10,000, so $200;   For the next 3 moths interest was 2% of $10,000,plus 4 earned on previous interest of $100, so $200+$4=$204;   Total interest for 6 months was $200+$204  200+ 4= 
<gadget id="calculator">  200+ 4</gadget>
<output>204</output>
$204;   Total interest for 6 months was $200+$204=$404, hence balance after 6 months was $10,000+ $404 200+ 204= 
<gadget id="calculator"> 200+ 204</gadget>
<output>404</output>
$404, hence balance after 6 months was $10,000+ $404=$10,404.   Answer:$10,404.
<result>E</result>
John deposited $10,000 to open a new savings account that earned 8 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?