Word problems › Interest and growth › Average growth rate
Combined growth rate of two funds
High school · ●●●○○ 50 pts
Fund A was worth $2.5m in 2000 and grew by 8%, -3%, -5%, 2% and 9% in the following five years. Fund B was worth $3.5m in 2000 and grew by 2%, 4%, -10%, 3% and 18% in the following five years. Find the average annual growth rate of the two funds taken together, as a percentage. Round to two decimal places.