Average Rate of Increase Calculator
The average rate of increase is a fundamental concept used to understand how a quantity changes over a specific period. It represents the average change per unit of time. This calculator helps you determine this rate when you have an initial value and a final value, along with the duration over which the change occurred.
The formula used is:
Average Rate of Increase = (Final Value – Initial Value) / Duration
This concept is widely applied in various fields:
- Economics: Calculating the average growth rate of a country's GDP over a decade.
- Science: Determining the average rate of a chemical reaction or the average speed of an object.
- Finance: Assessing the average performance of an investment over several years.
- Population Studies: Estimating the average rate of population growth or decline.