Find the Growth Rate
To find the growth rate, you'll need to have two data points: an initial value and a final value. The growth rate represents the percentage change from the initial value to the final value.
Here is a step-by-step guide to calculate the growth rate:
1. Calculate the difference between the final value and the initial value: Difference = Final Value - Initial Value.
2. Divide the difference by the initial value: Growth Rate = Difference / Initial Value.
3. Multiply the growth rate by 100 to convert it into a percentage: Growth Rate Percentage = Growth Rate * 100.
For example, let's say the initial value is 100 and the final value is 150:
Difference = 150 - 100 = 50
Growth Rate = 50 / 100 = 0.5
Growth Rate Percentage = 0.5 * 100 = 50%
Therefore, the growth rate is 50% in this example.
Keep in mind that this calculation assumes a linear growth model. If you are dealing with exponential growth or other complex patterns, different methods may be required.
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