$3,000 invested at 12% for 15 years
Future value
$16,421
Interest earned
$13,421
Total growth
447.357%
Investing $3,000 at 12% compounded annually for 15 years grows to $16,421. That's $13,421 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 12%)^15
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space