$3,000 invested at 2% for 15 years
Future value
$4,038
Interest earned
$1,038
Total growth
34.5868%
Investing $3,000 at 2% compounded annually for 15 years grows to $4,038. That's $1,038 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 2%)^15
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space