$3,000 invested at 3% for 3 years
Future value
$3,278
Interest earned
$278
Total growth
9.2727%
Investing $3,000 at 3% compounded annually for 3 years grows to $3,278. That's $278 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 3%)^3
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