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.

Calculate revenue growth by comparing yearly or quarterly revenue, showing business success. Accrual accounting rules may delay cash flow despite showing revenue increases, affecting actual income.