$300 at 1% 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 1% interest, your initial investment of $300 will have grown to $315.30.
You will have earned $15.30 in interest.
How much will savings of $300 be worth in 5 years if invested at a 1.00% interest rate?
This calculator determines the future value of $300 invested for 5 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 $300 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $300.00 |
| 1 | $303.00 |
| 2 | $306.03 |
| 3 | $309.09 |
| 4 | $312.18 |
| 5 | $315.30 |
$300 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $315.30 |
| 2% | $331.22 |
| 3% | $347.78 |
| 4% | $365.00 |
| 5% | $382.88 |
| 6% | $401.47 |
| 8% | $440.80 |
| 10% | $483.15 |
| 12% | $528.70 |
| 15% | $603.41 |
| 20% | $746.50 |