John opened a new account of fixed annual interested and deposited 20,000 in the account. Interest rate was compounded quarterly. If no transactions were made, how much interest was made at the end of the 1st quarter?
1. The interest earned at the end of the 2nd quarter was 1% more than that at the 2nd quarter.
2. The interest earned at the 2nd quarter was $2 more than at the first quarter.

OA is D