Solve the Problem $\$ 3067$ After 2 Years What Will the Amount of Interest

Multiple Choice

Solve the problem. Round to the nearest cent.
-Felipe Rivera's savings account has a balance of $\$ 3067$ . After 2 years what will the amount of interest be at $4 \%$ compounded quarterly?

A) $\$ 245.12$
B) $\$ 254.12$
C) $\$ 61.34$
D) $\$ 259.12$