$500 invested at 7% for 5 years
Future value
$701
Interest earned
$201
Total growth
40.2552%
Investing $500 at 7% compounded annually for 5 years grows to $701. That's $201 of compound interest earned on your original $500.
FV = $500 × (1 + 7%)^5
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space