$1,000 invested at 10% for 1 years
Future value
$1,100
Interest earned
$100
Total growth
10%
Investing $1,000 at 10% compounded annually for 1 years grows to $1,100. That's $100 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 10%)^1
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