Through the concept of "growth" they analyze the changes taking place in the economy and other spheres of life. If the newspapers write that milk prices have increased by 12% compared to last year, everyone understands what this means. But not everyone knows how the specified value is calculated. But the calculation method can be applied to the analysis of personal finances.
Instructions
Step 1
Set the time period. The growth rate allows you to assess the changes that have occurred over time. Therefore, a starting point in the past and a time point fixed in the present are needed. Suppose we want to compare the increase in wages to July 2005, starting in July 2004, that is, for the year.
Step 2
Define start and end metrics. Suppose that in July 2004 the salary received on hand was equal to 15 thousand rubles. And in July 2005 the salary was 18 thousand rubles.
Step 3
Subtract the starting indicator from the final figure. We subtract 15 thousand rubles from 18 thousand, we get 3 thousand rubles.
Step 4
Divide the resulting value by the starting value. We divide 3 thousand by 15 thousand rubles, we get 0, 2.
Step 5
Multiply the total by 100%. We multiply 0, 2 by 100, we get 20%. Thus, over the year, the increase in wages amounted to 20%. They also say that "wages have increased by 20%."
