Compound Interest on $1,000 at 7% for 10 Years

Starting with $1,000 at 7% interest compounded monthly for 10 years yields a final balance of approximately $2,009.66.

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How to use this tool

Enter starting amount, annual interest rate, compounding frequency and years in the fields above.
Results update instantly as you type — or click Calculate.
Read your final balance and the full breakdown beneath it.

See how $1,000 grows to over $2,000 when compounded monthly at 7% over 10 years.

Frequently asked questions

What does compounding frequency change?: More frequent compounding (e.g. daily vs annually) earns slightly more, because interest is added — and starts earning — sooner.
Does this include monthly contributions?: No — this is for a single lump sum. Use the Investment Growth Calculator to add regular monthly contributions.