How much money will $300 be worth if you let the interest grow?

After investing for 10 years at 5% interest, your $300 investment will have grown to $488.67

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 $300 at 5% Interest

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

0 | $300.00 |

1 | $315.00 |

2 | $330.75 |

3 | $347.29 |

4 | $364.65 |

5 | $382.88 |

6 | $402.03 |

7 | $422.13 |

8 | $443.24 |

9 | $465.40 |

10 | $488.67 |

$300 for 10 Years by Interest Rate

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

1% | $331.39 |

2% | $365.70 |

3% | $403.17 |

4% | $444.07 |

5% | $488.67 |

6% | $537.25 |

8% | $647.68 |

10% | $778.12 |

12% | $931.75 |

15% | $1,214 |

20% | $1,858 |