Percentage Per Day Formula:
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Percentage Per Day calculates the daily growth rate between two values over a specified period. It shows the consistent daily percentage change needed to go from a starting value to an ending value over a given number of days.
The calculator uses the compound growth formula:
Where:
Explanation: This formula calculates the constant daily growth rate that, when compounded daily, would transform the start value into the end value over the specified period.
Details: Understanding daily growth rates is crucial for investment analysis, business performance tracking, population studies, and any scenario involving compound growth over time.
Tips: Enter the starting value, ending value, and number of days between measurements. All values must be positive (start > 0, end > 0, days ≥ 1).
Q1: What does a negative percentage mean?
A: A negative percentage indicates a daily decline or depreciation rate rather than growth.
Q2: How is this different from simple average?
A: This calculates compound growth rate, which accounts for the effect of growth on previous growth, unlike simple averages.
Q3: Can I use this for monthly or yearly calculations?
A: Yes, but ensure the time period is consistently in days. For monthly rates, convert months to approximate days.
Q4: What are typical percentage per day values?
A: Values vary widely by context. Investment returns might be 0.01%-1% daily, while bacterial growth could be much higher.
Q5: How accurate is this calculation?
A: This assumes continuous compound growth. Real-world scenarios with variable rates will have different actual daily performances.