$3000 principal earning 5%, compounded semi-annually, after 20 years.
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Using proportions, it is found that Sharifah owns $8,330 in taxes.
<h3>What is a proportion?</h3>- A proportion is a <u>fraction of total amount</u>, and the measures are related using a rule of three.
- Hence, using proportions, a percentage x% of an amount a is given by:
.
- Rate of 11%, hence:
- The amount taxed is $27,000, as 61000 - 34000 = 27000.
- Rate of 17%, hence:
Then, the total amount is:
Sharifah owns $8,330 in taxes.
You can learn more about proportions at brainly.com/question/24372153