$10,000 invested at 3% for 1 years
Future value
$10,300
Interest earned
$300
Total growth
3%
Investing $10,000 at 3% compounded annually for 1 years grows to $10,300. That's $300 of compound interest earned on your original $10,000.
FV = $10,000 × (1 + 3%)^1
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