$7,500 invested at 3% for 1 years
Future value
$7,725
Interest earned
$225
Total growth
3%
Investing $7,500 at 3% compounded annually for 1 years grows to $7,725. That's $225 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 3%)^1
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