$30 at 6% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 6% interest, your initial investment of $30 will have grown to $40.15.
You will have earned $10.15 in interest.
How much will savings of $30 be worth in 5 years if invested at a 6.00% interest rate?
This calculator determines the future value of $30 invested for 5 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $30.00 |
| 1 | $31.80 |
| 2 | $33.71 |
| 3 | $35.73 |
| 4 | $37.87 |
| 5 | $40.15 |
$30 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $31.53 |
| 2% | $33.12 |
| 3% | $34.78 |
| 4% | $36.50 |
| 5% | $38.29 |
| 6% | $40.15 |
| 8% | $44.08 |
| 10% | $48.32 |
| 12% | $52.87 |
| 15% | $60.34 |
| 20% | $74.65 |