$500 at 15% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 15% interest, your initial investment of $500 will have grown to $2,023.
You will have earned $1,523 in interest.
How much will savings of $500 be worth in 10 years if invested at a 15.00% interest rate?
This calculator determines the future value of $500 invested for 10 years at a constant yield of 15.00% 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 15% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $575.00 |
| 2 | $661.25 |
| 3 | $760.44 |
| 4 | $874.50 |
| 5 | $1,006 |
| 6 | $1,157 |
| 7 | $1,330 |
| 8 | $1,530 |
| 9 | $1,759 |
| 10 | $2,023 |
$500 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $552.31 |
| 2% | $609.50 |
| 3% | $671.96 |
| 4% | $740.12 |
| 5% | $814.45 |
| 6% | $895.42 |
| 8% | $1,079 |
| 10% | $1,297 |
| 12% | $1,553 |
| 15% | $2,023 |
| 20% | $3,096 |