10(10,000) = 10,000 + 1,000 = $11,000.
After 2 years, you would have the amount from the previous year plus 10% interest: $11,000 + 0.10(11,000) = 11,000 + 1,100 = $12,100.
After 3 years, you would have the amount from the previous year plus 10% interest: $12,100
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