$3,000 at 20% 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 20% interest, your initial investment of $3,000 will have grown to $7,465.
You will have earned $4,465 in interest.
How much will savings of $3,000 be worth in 5 years if invested at a 20.00% interest rate?
This calculator determines the future value of $3k invested for 5 years at a constant yield of 20.00% 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 $3,000 at 20% Interest
| Year | Amount |
|---|---|
| 0 | $3,000 |
| 1 | $3,600 |
| 2 | $4,320 |
| 3 | $5,184 |
| 4 | $6,221 |
| 5 | $7,465 |
$3,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $3,153 |
| 2% | $3,312 |
| 3% | $3,478 |
| 4% | $3,650 |
| 5% | $3,829 |
| 6% | $4,015 |
| 8% | $4,408 |
| 10% | $4,832 |
| 12% | $5,287 |
| 15% | $6,034 |
| 20% | $7,465 |