$300 at 8% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 8% interest, your initial investment of $300 will have grown to $377.91.
You will have earned $77.91 in interest.
How much will savings of $300 be worth in 3 years if invested at a 8.00% interest rate?
This calculator determines the future value of $300 invested for 3 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 $300 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $300.00 |
| 1 | $324.00 |
| 2 | $349.92 |
| 3 | $377.91 |
$300 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $309.09 |
| 2% | $318.36 |
| 3% | $327.82 |
| 4% | $337.46 |
| 5% | $347.29 |
| 6% | $357.30 |
| 8% | $377.91 |
| 10% | $399.30 |
| 12% | $421.48 |
| 15% | $456.26 |
| 20% | $518.40 |