If an asset declines in value from $5,000 to $4,100 over 9 years, what is the mean annual growth rate in the asset's value over these 9 years? Enter your answer as a percentage. If needed, round your answer to 2 digit decimals.

2.4 %

Step-by-step explanation:

annual growth is the changes in the value of asset

STEP 1: annual growth rate

= (current value - old value) / old value

= (4100 - 5000) / 4100

= - 0.2195 / / 21.95%

Step 2: Mean of x

mean of x = average of x

= total of x / count of x (x here is the annual growth rate)

= annual growth rate / no of years

= - 0.2195 / 9

= - 0.02 / / 2.4 %