$10,000 invested at 12% for 1 years
Future value
$11,200
Interest earned
$1,200
Total growth
12%
Investing $10,000 at 12% compounded annually for 1 years grows to $11,200. That's $1,200 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 12%)^1
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