$2,000 invested at 3% for 1 years
Future value
$2,060
Interest earned
$60
Total growth
3%
Investing $2,000 at 3% compounded annually for 1 years grows to $2,060. That's $60 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 3%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space