$2,000 invested at 5% for 3 years
Future value
$2,315
Interest earned
$315
Total growth
15.7625%
Investing $2,000 at 5% compounded annually for 3 years grows to $2,315. That's $315 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 5%)^3
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