Question 1139364
You need the formula A = (1 + r)^(t), where the following applies:


A = compounded annually  

r = rate

t = time (in years)

p = principal amount


Just plug the information in the problem into the formula and solve for A.


A = 3000(1 + 0.0575)^(11)


A = 3000(1.0575)^(11)


A = 3000(1.8496269153)


A = 5,548.8807457559


We can round this decimal number to the first decimal place.


A = 5,548.90


After 11 years, the investment will be worth $5,548.90.