$300 at 2% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 2% interest, your initial investment of $300 will have grown to $351.50.
You will have earned $51.50 in interest.
How much will savings of $300 be worth in 8 years if invested at a 2.00% interest rate?
This calculator determines the future value of $300 invested for 8 years at a constant yield of 2.00% 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 2% Interest
| Year | Amount |
|---|---|
| 0 | $300.00 |
| 1 | $306.00 |
| 2 | $312.12 |
| 3 | $318.36 |
| 4 | $324.73 |
| 5 | $331.22 |
| 6 | $337.85 |
| 7 | $344.61 |
| 8 | $351.50 |
$300 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $324.86 |
| 2% | $351.50 |
| 3% | $380.03 |
| 4% | $410.57 |
| 5% | $443.24 |
| 6% | $478.15 |
| 8% | $555.28 |
| 10% | $643.08 |
| 12% | $742.79 |
| 15% | $917.71 |
| 20% | $1,290 |