The formula to calculate the Percentage Rate is:
\[ \text{PR} = \left( \frac{\text{V2} - \text{V1}}{\text{V1}} \right) \times 100 \]
Where:
Percentage Rate is a measure of the change in value expressed as a percentage. It is calculated by dividing the change in value by the initial value and then multiplying by 100. This metric helps in understanding the relative change in value over time.
Example 1:
Using the formula:
\[ \text{PR} = \left( \frac{75 - 50}{50} \right) \times 100 = 50 \% \]
Example 2:
Using the formula:
\[ \text{PR} = \left( \frac{120 - 100}{100} \right) \times 100 = 20 \% \]