Growth rate is a measure of how quickly a quantity is increasing or decreasing over time. It is calculated by dividing the change in the quantity by the original quantity. For example, if a company’s revenue increases from $100,000 to $120,000 over a year, the growth rate would be 20%. In finance, growth rate is calculated on a percentage change from previous known values of different periods, most commonly financial quarters or years.
Growth rate is used in a variety of applications, including economics, finance, and biology. In economics, growth rate is used to measure the growth of the economy. In finance, growth rate is used to measure the return on investment. In biology, growth rate is used to measure the growth of organisms.
