$30 at 8% 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 8% interest, your initial investment of $30 will have grown to $64.77.
You will have earned $34.77 in interest.
How much will savings of $30 be worth in 10 years if invested at a 8.00% interest rate?
This calculator determines the future value of $30 invested for 10 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $30.00 |
| 1 | $32.40 |
| 2 | $34.99 |
| 3 | $37.79 |
| 4 | $40.81 |
| 5 | $44.08 |
| 6 | $47.61 |
| 7 | $51.41 |
| 8 | $55.53 |
| 9 | $59.97 |
| 10 | $64.77 |
$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 |