The formula for calculating savings account interest uses the initial deposit, the annual interest rate and the years of growth. Compound interest earns the account holder more than simple ...

1 That means, we first calculate the 5th root of 1.90 = 1. ... In contrast, the compounded annual growth rate (CAGR) considers the investment's duration or tenure, offering a more precise and ...

To calculate AAGR, we’re simply going to take the average of these ten annual growth rates. In this example, our calculation (26.00% + 13.49% + 11.19%, etc. divided by ten) equals 11.79%.