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