John deposited $10,000 to open a new savings account that earned 2 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) $10,100.25 B) $10,101.50 C) $10,200.75 D) $10,201.00 E) $10,400.35
2 percent annual interest compounded quarterly --&gt; 0.5% in 3 moths.   For the first 3 moths interest was 0.5% of $10,000, so $50;   For the next 3 moths interest was 0.5% of $10,000,plus0.25 earned on previous interest of $100, so $50+$0.25=$50.25;   Total interest for 6 months was $50+$50.25  50+ 0.25= 
<gadget id="calculator">  50+ 0.25</gadget>
<output>50.25</output>
$50.25;   Total interest for 6 months was $50+$50.25=$100.25, hence balance after 6 months was $10,000+ $100.25 50+ 50.25= 
<gadget id="calculator"> 50+ 50.25</gadget>
<output>100.25</output>
$100.25, hence balance after 6 months was $10,000+ $100.25=$10,100.25.   $10,100.25nswer: $10,100.25.
<result>A</result>
John deposited $10,000 to open a new savings account that earned 2 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?