FinBreezy

Compound Interest on $1,000 at 3% for 5 Years

Final Balance

$1,159.27

Total Contributed

$1,000

Interest Earned

$159.27

If you invest $1,000 at an annual interest rate of 3%, compounded annually, your investment will grow to $1,159.27 after 5 years. That means you'll earn $159.27 in interest — 16% 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

Want to adjust the numbers? Try our interactive calculator with charts and custom inputs.

Open Compound Interest Calculator

Related Calculations