MegaSack DRAW - This year's winner is user - rgwb
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Topic starter
I have a starting value - let's say 50k (A)
I have a target value - let's say 300k (B)
I have a number of months - let's say 12 (C)
I'm trying to work out the monthly growth rate (as a %age) that is required for A to grow to B over the period C. My GCSE maths was a long time ago and I'm suffering brain fade. Help me out with the formula I need...
Posted : 28/07/2020 10:40 am
300/50 = 6
6^(1/12) = 1.16103667237
About 16%
(B/A)^(1/C)-1
I pray I’ve not made a blunder here, as I shall never live it down.
Posted : 28/07/2020 10:46 am
(B/A)^(1/C)
In your example, 1.16103 or grow 16% each month approx
Assuming it grows on a monthly basis.
Posted : 28/07/2020 10:49 am
Topic starter
Awesome, thanks.
Posted : 28/07/2020 10:59 am