## About This Tool

The online Percent Growth Rate Calculator is used to calculate the annual percentage (Straight-Line) growth rate.

## Formula

Step 1: Calculate the percent change from one period to another using the following formula:

Percent Change = 100 × (Present or Future Value – Past or Present Value) / Past or Present Value

Step 2: Calculate the percent growth rate using the following formula:

Percent Growth Rate = Percent Change / Number of Years