$950 at 20% 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 20% interest, your initial investment of $950 will have grown to $1,642.
You will have earned $692 in interest.
How much will savings of $950 be worth in 3 years if invested at a 20.00% interest rate?
This calculator determines the future value of $950 invested for 3 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 $950 at 20% Interest
| Year | Amount |
|---|---|
| 0 | $950.00 |
| 1 | $1,140 |
| 2 | $1,368 |
| 3 | $1,642 |
$950 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $978.79 |
| 2% | $1,008 |
| 3% | $1,038 |
| 4% | $1,069 |
| 5% | $1,100 |
| 6% | $1,131 |
| 8% | $1,197 |
| 10% | $1,264 |
| 12% | $1,335 |
| 15% | $1,445 |
| 20% | $1,642 |