It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
Annual interest calculates how much is in the bank at the time of compounding, then adds the percentage of interest. In this case, every year after the first slightly more than 8 percent of the 4 thousand initial deposit. In this particular case, at the end of the sixth year, you would have 6,347 dollars and 50 cents.
>about $15 <
It will be 726.