$30 at 7% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 7% interest, your initial investment of $30 will have grown to $59.01.
You will have earned $29.01 in interest.
How much will savings of $30 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $30 invested for 10 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 $30 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $30.00 |
| 1 | $32.10 |
| 2 | $34.35 |
| 3 | $36.75 |
| 4 | $39.32 |
| 5 | $42.08 |
| 6 | $45.02 |
| 7 | $48.17 |
| 8 | $51.55 |
| 9 | $55.15 |
| 10 | $59.01 |
$30 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $33.14 |
| 2% | $36.57 |
| 3% | $40.32 |
| 4% | $44.41 |
| 5% | $48.87 |
| 6% | $53.73 |
| 8% | $64.77 |
| 10% | $77.81 |
| 12% | $93.18 |
| 15% | $121.37 |
| 20% | $185.75 |