$3,000 invested at 3% for 1 years
Future value
$3,090
Interest earned
$90
Total growth
3%
Investing $3,000 at 3% compounded annually for 1 years grows to $3,090. That's $90 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 3%)^1
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