$8 at 3% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
After investing for 3 years at 3% interest, your initial investment of $8 will have grown to $8.74.
You will have earned $0.74 in interest.
How much will savings of $8 be worth in 3 years if invested at a 3.00% interest rate?
This calculator determines the future value of $8 invested for 3 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $8 at 3% Interest
Year |
Amount |
0 |
$8.00 |
1 |
$8.24 |
2 |
$8.49 |
3 |
$8.74 |
$8 for 3 Years by Interest Rate
Rate |
Amount |
1% |
$8.24 |
2% |
$8.49 |
3% |
$8.74 |
4% |
$9.00 |
5% |
$9.26 |
6% |
$9.53 |
8% |
$10.08 |
10% |
$10.65 |
12% |
$11.24 |
15% |
$12.17 |
20% |
$13.82 |