$15,000 invested at 10% for 1 years
Future value
$16,500
Interest earned
$1,500
Total growth
10%
Investing $15,000 at 10% compounded annually for 1 years grows to $16,500. That's $1,500 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 10%)^1
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