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The outstanding balance of a credit card bill is $250. According to the credit card company's policy, an interest fee of 2% on the card balance will be applied each month the bill is not paid. Assuming that the bill is not paid, what will the outstanding balance be after 6 months?

After 6 months, the outstanding balance on the credit card will be approximately $255.10.

After 6 months, the outstanding balance on the credit card will be approximately $281.54.

After 6 months, the outstanding balance on the credit card will be approximately $276.02.

After 6 months, the outstanding balance on the credit card will be approximately $622.08.