$3,000 invested at 9% for 3 years
Future value
$3,885
Interest earned
$885
Total growth
29.5029%
Investing $3,000 at 9% compounded annually for 3 years grows to $3,885. That's $885 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 9%)^3
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