$1,000 invested at 5% for 1 years
Future value
$1,050
Interest earned
$50
Total growth
5%
Investing $1,000 at 5% compounded annually for 1 years grows to $1,050. That's $50 of compound interest earned on your original $1,000.
FV = $1,000 × (1 + 5%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space