$500 invested at 3% for 1 years
Future value
$515
Interest earned
$15
Total growth
3%
Investing $500 at 3% compounded annually for 1 years grows to $515. That's $15 of compound interest earned on your original $500.
FV = $500 × (1 + 3%)^1
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space