$100,000 invested at 2% for 1 years
Future value
$102,000
Interest earned
$2,000
Total growth
2%
Investing $100,000 at 2% compounded annually for 1 years grows to $102,000. That's $2,000 of compound interest earned on your original $100,000.
FV = $100,000 × (1 + 2%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space