$3,000 invested at 8% for 15 years
Future value
$9,517
Interest earned
$6,517
Total growth
217.217%
Investing $3,000 at 8% compounded annually for 15 years grows to $9,517. That's $6,517 of compound interest earned on your original $3,000.
FV = $3,000 × (1 + 8%)^15
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space