$15,000 invested at 5% for 1 years
Future value
$15,750
Interest earned
$750
Total growth
5%
Investing $15,000 at 5% compounded annually for 1 years grows to $15,750. That's $750 of compound interest earned on your original $15,000.
FV = $15,000 × (1 + 5%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space