Answer:
$10,667.66
Step-by-step explanation:
The formula for calculating the compound interest is expressed as:
A = P(1+r/n)^nt
P is the principal = $9000
r is the rate = 3%
time t = 6years
n = 1/4
Substitute
A = 9000(1+0.03/(1/4))^6/4
A = 9000(1+0.03(4))^1.5
A = 9000(1+0.12)^1.5
A = 9000(1.12)^1.5
A = 9000(1.1853)
A = 10,667.67
Hence the amount after 6 years is $10,667.66
