Growth rate measures the change in a particular variable over a specified period.
It is commonly used in finance, economics, and business to assess performance or predict future trends.
To calculate the growth rate, subtract the initial value from the final value, divide the result by the initial value, and then multiply by 100 to convert it to a percentage. The formula is:
Growth Rate = ((Final Value / Initial Value)^(1/Time Period) - 1) * 100
Below is a growth rate calculator you can use.
Growth Rate Calculator
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