How much money will $20 be worth if you let the interest grow?

After investing for 10 years at 5% interest, your $20 investment will have grown to $32.58

Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"

According to Snopes, the answer is probably not.

Growth of $20 at 5% Interest

Year | Amount |
---|---|

0 | $20.00 |

1 | $21.00 |

2 | $22.05 |

3 | $23.15 |

4 | $24.31 |

5 | $25.53 |

6 | $26.80 |

7 | $28.14 |

8 | $29.55 |

9 | $31.03 |

10 | $32.58 |

$20 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $22.09 |

2% | $24.38 |

3% | $26.88 |

4% | $29.60 |

5% | $32.58 |

6% | $35.82 |

8% | $43.18 |

10% | $51.87 |

12% | $62.12 |

15% | $80.91 |

20% | $123.83 |