% INTEREST ON INTEREST %

calculate the interest on interest, or compound interest of your savings

# | amount | interest | total |

year 1 | 10,000 | 500 | 10,500 |

year 2 | 10,500 | 525 | 11,025 |

year 3 | 11,025 | 551 | 11,576 |

year 4 | 11,576 | 579 | 12,155 |

year 5 | 12,155 | 608 | 12,763 |

year 6 | 12,763 | 638 | 13,401 |

year 7 | 13,401 | 670 | 14,071 |

year 8 | 14,071 | 704 | 14,775 |

year 9 | 14,775 | 739 | 15,513 |

year 10 | 15,513 | 776 | 16,289 |