Step 1 :Given that the principal amount (P) is $6000, the rate of interest (R) is 11% or 0.11 in decimal form, and the time (T) is 6 months or 0.5 years.
Step 2 :We can calculate the interest (I) using the formula for simple interest: I = PRT. Substituting the given values, we get I = 6000 * 0.11 * 0.5 = $330.00.
Step 3 :The future value (FV) of the loan is the sum of the initial loan and the interest. So, FV = P + I = 6000 + 330 = $6330.00.
Step 4 :Final Answer: a. The amount of interest is \(\boxed{330.00}\). b. The future value is \(\boxed{6330.00}\).