FormuladrillCompound annual growth
An Excel formula exercise from Formuladrill. Solve it with a formula bar on a live sheet in your browser, and it is checked the moment you submit.
The task
Revenue grew from the value in B1 to the value in B2 over the years in B3. Calculate the compound annual growth rate in B4.
What this exercise teaches
CAGR smooths uneven growth into one yearly rate, which makes companies and periods comparable.
A hint if you get stuck
CAGR = (end divided by start) to the power of (1 divided by years), minus 1.
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