$15 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 7% interest, your initial investment of $15 will have grown to $18.38.
You will have earned $3.38 in interest.
How much will savings of $15 be worth in 3 years if invested at a 7.00% interest rate?
This calculator determines the future value of $15 invested for 3 years at a constant yield of 7.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $15 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $15.00 |
| 1 | $16.05 |
| 2 | $17.17 |
| 3 | $18.38 |
$15 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $15.45 |
| 2% | $15.92 |
| 3% | $16.39 |
| 4% | $16.87 |
| 5% | $17.36 |
| 6% | $17.87 |
| 8% | $18.90 |
| 10% | $19.97 |
| 12% | $21.07 |
| 15% | $22.81 |
| 20% | $25.92 |