$2,000 invested at 8% for 1 years
Future value
$2,160
Interest earned
$160
Total growth
8%
Investing $2,000 at 8% compounded annually for 1 years grows to $2,160. That's $160 of compound interest earned on your original $2,000.
FV = $2,000 × (1 + 8%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space