$500 invested at 10% for 1 years
Future value
$550
Interest earned
$50
Total growth
10%
Investing $500 at 10% compounded annually for 1 years grows to $550. That's $50 of compound interest earned on your original $500.
FV = $500 × (1 + 10%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space