Question

If my savings of $x grows 10% each year. How much will I have in: 5 years

Answer 1

See below

Explanation:

Assuming the interest is compounded annually

x * (1 + .10)^5 = 1.61051 x

your final amount will be 1.61051 times bigger than the initial deposit

Answer 2

After 1 year=x1.1
After 2 years=x1.1*1.1
………
After 5 years=x1.1*1.1*1.1*1.1*1.1=x1.61051