$40 at 3% 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 3% interest, your initial investment of $40 will have grown to $50.67.
You will have earned $10.67 in interest.
How much will savings of $40 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $40 invested for 8 years at a constant yield of 3.00% 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 $40 at 3% Interest
| Year | Amount |
|---|---|
| 0 | $40.00 |
| 1 | $41.20 |
| 2 | $42.44 |
| 3 | $43.71 |
| 4 | $45.02 |
| 5 | $46.37 |
| 6 | $47.76 |
| 7 | $49.19 |
| 8 | $50.67 |
$40 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $43.31 |
| 2% | $46.87 |
| 3% | $50.67 |
| 4% | $54.74 |
| 5% | $59.10 |
| 6% | $63.75 |
| 8% | $74.04 |
| 10% | $85.74 |
| 12% | $99.04 |
| 15% | $122.36 |
| 20% | $171.99 |