About Percent Growth Calculator (Formula)
The Percent Growth Calculator is a tool used to calculate the percentage growth of a value over a given time period. It helps determine the change in value between an initial value and a final value, expressed as a percentage. The formula used for this calculation is:
Percent Growth (%) = ((Final Value – Initial Value) / Initial Value) * 100
This formula calculates the relative increase or decrease in value compared to the initial value. It provides valuable insights into the rate of growth or decline of a quantity over time. Additionally, the calculator also computes the growth rate per year by dividing the percent growth by the number of time periods.
By inputting the final value, initial value, and the number of time periods into the calculator, you can quickly determine the percent growth and growth rate per year. This tool is useful in various fields, such as finance, economics, investment analysis, and population studies, where measuring growth rates and relative changes is essential.