$30 at 1% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 1% interest, your initial investment of $30 will have grown to $32.49.
You will have earned $2.49 in interest.
How much will savings of $30 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $30 invested for 8 years at a constant yield of 1.00% 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 $30 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $30.00 |
| 1 | $30.30 |
| 2 | $30.60 |
| 3 | $30.91 |
| 4 | $31.22 |
| 5 | $31.53 |
| 6 | $31.85 |
| 7 | $32.16 |
| 8 | $32.49 |
$30 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $32.49 |
| 2% | $35.15 |
| 3% | $38.00 |
| 4% | $41.06 |
| 5% | $44.32 |
| 6% | $47.82 |
| 8% | $55.53 |
| 10% | $64.31 |
| 12% | $74.28 |
| 15% | $91.77 |
| 20% | $128.99 |