$7,500 invested at 7% for 3 years
Future value
$9,188
Interest earned
$1,688
Total growth
22.5043%
Investing $7,500 at 7% compounded annually for 3 years grows to $9,188. That's $1,688 of compound interest earned on your original $7,500.
FV = $7,500 × (1 + 7%)^3
AdvertisementAd space
Try your own numbers in the Compound Interest CalculatorAdvertisementAd space