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SESK: Stuff Everyone Should Know · sesk.info/teen-invest-100-at-5

$100 earning 5 percent compounded yearly grows to about how much in 10 years?

About $162.

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  1. About $150
  2. About $105
  3. About $162 ✔

Why: Without compounding it would be $150. Because you also earn interest on interest, you end up with more than $162.

Huh, didn't know that: In year two you earn 25 cents on the first year's $5 of interest.

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I put $100 in the bank and now it has a growth spurt.
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References

Answer: About $162. Without compounding it would be $150. Because you also earn interest on interest, you end up with more than $162.

  1. Investor.gov: What is compound interest? www.investor.gov/additional-resources/information/youth/teachers-classroom-resources/what-compound-interest
    in 10 years you'll have more than $162 thanks to the power of compound interest
    Checked 2026-10-10.

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