Answer:
A) $564
Explanation:
To calculate how much money will be in the account after 6 years, use the compound interest formula:

where:
- A = Final amount.
- P = Principal amount.
- r = Interest rate (in decimal form).
- n = Number of times interest is applied per year.
- t = Time (in years).
Given values:
- P = $500
- r = 2% = 0.02
- n = 4 (quarterly)
- t = 6 years
Substitute the given values into the formula and solve for A:






Therefore, the account balance will be $564 after 6 years (rounded to the nearest whole number).