Web DisruptCompound Interest Calculator
Starting Balance:
$1,000.00
Contributions:
$0.00
Interest:
$967.15
Total:
$1,967.15
Starting Balance Total
The Power of Growth
The first year you will accumulate $70.00 in interest.
The last year of growth you will accumulate $128.69 which is an increase of 84% annually.
Exploring the data
What is Compound Interest?
Compound interest refers to the concept of earning interest on both the original amount of money deposited or invested (the principal) and any interest that has already been added to it. This process results in faster growth of the investment compared to simple interest, where interest is earned only on the original principal.
Learn more about compound interest in our in-depth article. (Compound Interest)
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