Calculates the growth rate of a business or investment by determining the percentage increase over a given period.
Growth rate measures how fast a business, user base, or revenue is growing over a period. It is a key metric for businesses to track their performance.
Formula: Growth Rate = ((Ending Value - Starting Value) / Starting Value) × 100
Where:
Starting Value: The number of customers or revenue at the beginning of the period.
Ending Value: The number of customers or revenue at the end of the period.