Calculating the growth rate in Excel is a valuable skill for analyzing data and understanding trends over time. It measures the percentage change between two or more data points and can be used to assess the performance of investments, businesses, and other metrics.
To calculate the growth rate in Excel, you can use the formula: ((New Value – Old Value) / Old Value) 100. For example, if a company’s revenue increases from $100,000 to $120,000 over a year, the growth rate would be ((120,000 – 100,000) / 100,000) 100 = 20%. This indicates a 20% growth in revenue over the year.