$1,000 invested at 3% for 10 years
Future value
$1,344
Interest earned
$344
Total growth
34.3916%
Investing $1,000 at 3% compounded annually for 10 years grows to $1,344. That's $344 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 3%)^10
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