Determining the growth rate over a one-year period is straightforward; you simply take the sales ... was 1.5 – 1 = 0.5, or 50%). Next, using the exponent function on your calculator or in ...

Salary grew from $40,000 to $60,000 over ... calculator will tell you that 1.5^0.1 equals 1.0414. We subtract one from the previous answer (1-1.0414) to get the rate of growth, or 0.0414 per year.