Compound Interest on $1,000 at 8% for 5 Years
Final Balance
$1,469.33
Total Contributed
$1,000
Interest Earned
$469.33
If you invest $1,000 at an annual interest rate of 8%, compounded annually, your investment will grow to $1,469.33 after 5 years. That means you'll earn $469.33 in interest — 47% of your original investment.
Year-by-Year Breakdown
| Year | Balance | Contributions | Interest |
|---|---|---|---|
| 0 | $1,000 | $1,000 | $0 |
| 1 | $1,080 | $1,000 | $80 |
| 2 | $1,166.4 | $1,000 | $166.4 |
| 3 | $1,259.71 | $1,000 | $259.71 |
| 4 | $1,360.49 | $1,000 | $360.49 |
| 5 | $1,469.33 | $1,000 | $469.33 |
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