Home › Calculators › Compound interest calculator › 5000-10y-8
$5,000 invested for 10 years at 8%
Exact compound math for the given inputs.
$11,098.20
future value (monthly compounding, no deposits)
Principal$5,000.00
Interest earned$6,098.20
Growth multiple2.22×
Rule of 729.0 yrs to double
Frequently asked questions
How much will $5,000 be worth in 10 years at 8%?
With monthly compounding it grows to $11,098.20 — that is $6,098.20 of interest earned on $5,000.00.
What if compounding is annual instead of monthly?
Annual compounding gives $10,794.62 — more frequent compounding always yields slightly more.
How long until it doubles?
The Rule of 72 estimates 9.0 years at 8% (9.00 precisely).
Try nearby scenarios
Change the numbers yourself
Open the interactive compound interest calculator — every field is editable.