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Compound Interest on $1,000 at 3% for 10 Years

Final Balance

$1,343.92

Total Contributed

$1,000

Interest Earned

$343.92

If you invest $1,000 at an annual interest rate of 3%, compounded annually, your investment will grow to $1,343.92 after 10 years. That means you'll earn $343.92 in interest — 34% of your original investment.

Year-by-Year Breakdown

YearBalanceContributionsInterest
0$1,000$1,000$0
1$1,030$1,000$30
2$1,060.9$1,000$60.9
3$1,092.73$1,000$92.73
4$1,125.51$1,000$125.51
5$1,159.27$1,000$159.27
6$1,194.05$1,000$194.05
7$1,229.87$1,000$229.87
8$1,266.77$1,000$266.77
9$1,304.77$1,000$304.77
10$1,343.92$1,000$343.92

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