$1,000 invested at 10% for 3 years
Future value
$1,331
Interest earned
$331
Total growth
33.1%
Investing $1,000 at 10% compounded annually for 3 years grows to $1,331. That's $331 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 10%)^3
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