To calculate the growth rate, you can use the following formula:
Growth Rate = ((Ending Value - Beginning Value) / Beginning Value) * 100
Here's a breakdown of the formula:
- Subtract the Beginning Value from the Ending Value to find the change in value.
- Divide the change in value by the Beginning Value to get the relative change.
- Multiply the relative change by 100 to express it as a percentage.
For example, if you have an investment that starts with $1,000 and grows to $1,200 over a year, you can calculate the growth rate as:
((1,200 - 1,000) / 1,000) * 100 = (200 / 1,000) * 100 = 20%
So, the growth rate in this case is 20%
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