Given:
The minimum and maximum distance that the dog may be from the house can be found by using the equation:

To find:
The minimum and maximum distance that the dog may be from the house.
Solution:
We have,

It can be written as:

Adding 500 on both sides, we get

Now,
and

and

The minimum distance is 492 meters and the maximum distance is 508 meters.
Therefore, the correct option is C.