The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 2

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answerhappygod
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The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 2

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The Investment Research Institute reported in its Mutual FundFact Book that the number of mutual funds increased from 2725 in1990 to 7977 in 2015. What is the geometric mean annual percentincrease in the number of funds?
1.03%
3.37%
2.09%
4.39%
4.87%
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