$20,000 invested at 3% for 5 years
Future value
$23,185
Interest earned
$3,185
Total growth
15.9274%
Investing $20,000 at 3% compounded annually for 5 years grows to $23,185. That's $3,185 of compound interest earned on your original $20,000.
FV = $20,000 × (1 + 3%)^5
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space