Dear student,
Geometric rate of growth refers to  the event of successive changes in a population by a constant ratio. It  can be calculated  annually, quarterly and monthly basis. Geometric  growth refers to the compound growth over discrete.
Geometric  rate is rate of growth rate applicable for the situation where  successive changes in a population differ by a constant ratio. Geometric  growth rates can be applicable to calculate annual growth rates,  quarter-on-previous quarter growth rates or month-on-previous month  growth rates. It also calculates compound interest in discrete period.  For calculating payment and reinvestment of dividend geometric growth  rate applies. In finance or economics mostly geometric rate applied to  calculate the present or future value. 
 









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