$500 at 1% 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 1% interest, your initial investment of $500 will have grown to $515.15.
You will have earned $15.15 in interest.
How much will savings of $500 be worth in 3 years if invested at a 1.00% interest rate?
This calculator determines the future value of $500 invested for 3 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 $500 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $505.00 |
| 2 | $510.05 |
| 3 | $515.15 |
$500 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $515.15 |
| 2% | $530.60 |
| 3% | $546.36 |
| 4% | $562.43 |
| 5% | $578.81 |
| 6% | $595.51 |
| 8% | $629.86 |
| 10% | $665.50 |
| 12% | $702.46 |
| 15% | $760.44 |
| 20% | $864.00 |