$3,000 invested at 3% for 20 years
Future value
$5,418
Interest earned
$2,418
Total growth
80.6111%
Investing $3,000 at 3% compounded annually for 20 years grows to $5,418. That's $2,418 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 3%)^20
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space