$2,000 invested at 10% for 1 years
Future value
$2,200
Interest earned
$200
Total growth
10%
Investing $2,000 at 10% compounded annually for 1 years grows to $2,200. That's $200 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 10%)^1
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