$3,000 invested at 10% for 3 years
Future value
$3,993
Interest earned
$993
Total growth
33.1%
Investing $3,000 at 10% compounded annually for 3 years grows to $3,993. That's $993 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 10%)^3
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