📈 Compound Interest

$2,000 at 9% for 10 Years

Investing $2,000 at 9% annual compound interest for 10 years grows to $4,735. That's $2,735 earned in interest on top of your original $2,000.

If you want to adjust the return assumption, extend the timeframe, or add regular contributions, use the compound interest calculator.

If you want the plain-English explanation behind the numbers, read our guide to compound interest.

Compound Interest Calculator
Australia 2026
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%
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Total value after 10 years
$4,735
Amount invested$2,000
Interest earned$2,735
Interest multiplier2.37×
Year-by-year growth
YearBalanceInterest
Yr 1$2,180+$180
Yr 2$2,376+$196
Yr 3$2,590+$214
Yr 4$2,823+$233
Yr 5$3,077+$254
Yr 6$3,354+$277
Yr 7$3,656+$302
Yr 8$3,985+$329
Yr 9$4,344+$359
Yr 10$4,735+$391
Final balance after 10 years
$4,735
Invested
$2,000
Interest earned
$2,735
Multiplier
2.37×

How $2,000 grows at 9%

Compound interest earns returns on your returns — not just your original investment. At 9% per year, your money doubles every 8 years (the Rule of 72). Over 10 years, that compounds to a 2.37× multiplier.

In year 1, $2,000 earns $180 in interest. By year 10, the annual interest has grown to $391 — because each year's interest is calculated on a larger balance.

This is why longer holding periods matter so much. The later years do more of the heavy lifting, especially once the balance is large enough to generate bigger dollar returns each year.

$2,000 for 10 years at different rates
RateFinal balanceInterest earnedMultiplier
4%$2,960$9601.48×
5%$3,258$1,2581.63×
6%$3,582$1,5821.79×
7%$3,934$1,9341.97×
8%$4,318$2,3182.16×
9% ◀$4,735$2,7352.37×
10%$5,187$3,1872.59×

Year-by-year projection

YearBalanceInterest this yearTotal interestGrowth
Year 1$2,180+$180$1801.09×
Year 2$2,376+$196$3761.19×
Year 3$2,590+$214$5901.30×
Year 4$2,823+$233$8231.41×
Year 5$3,077+$254$1,0771.54×
Year 6$3,354+$277$1,3541.68×
Year 7$3,656+$302$1,6561.83×
Year 8$3,985+$329$1,9851.99×
Year 9$4,344+$359$2,3442.17×
Year 10$4,735+$391$2,7352.37×

Growth chart

Balance growth over 10 years
$1k$2k$4k$5kYr1Yr5Yr10
Principal
Interest earned

Frequently asked questions

Related compound interest scenarios

Use these nearby examples to compare what changes when you keep the same starting balance, extend the investing period, or test a more aggressive return assumption.

Compound interest guide and tools

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