$613.04
Explanation:Amount invested is the principal
Principal, P = $300
Interest rate, r = 6% = 6/100
r = 0.06
Number of times the interest is compounded per year, n = 4
Time, t = 12
Amount after 12 years, A(12) = ?
Amount formula for compound interest is:
[tex]\begin{gathered} A(t)=P(1+\frac{r}{n})^{nt} \\ \\ A(12)=300(1+\frac{0.06}{4})^{4(12)} \\ \\ A(12)=300(1.015)^{48} \\ \\ A(12)=613.04 \end{gathered}[/tex]In 12 years, the investment will be worth $613.04
