Actually the formula for the sum of the first N odd numbers (1, 3, 5, ...(2N-1)) is simply N^2. All you have to do then is take into account the offset. It works out that the sum of N odd numbers starting at odd number x is N(N + x - 1).
So, from 11 to 121 inclusive, there are 56 odd values if I'm not mistaken. You're starting at 11, so you could just write:
cout << 56*(56 + 11 - 1)
Which gives 3696, which I believe is correct. But I guess the point of the exercise was to learn about for loops, not counting sequences hehe :).