as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
calculate the compound interest for a deposit of 500 dollars at 3% for 10 years.
user
the compound interest for a deposit of 500 dollars at 3% for 10 years is 635.81 dollars.
assistant