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Money market mutual funds are mutual funds in which short-term securities such as Treasury bills and commercial paper can be invested. These mutual funds are believed to be extremely safe, akin to bank deposits.

In 1974, assets began to enter money market mutual funds, and by the end of 1970, the total value of assets in money market mutual funds was zero.

Given,

In the first quarter of 1980, the assets totaled 61,292.

In the first quarter of 1990, the assets totaled 465,696.

In the first quarter of 2000, the assets totaled 1,696,149 dollars.

In the first quarter of 2010, the assets totaled 2,983,807.

Calculating the overall percentage change and the average annual percentage change:

For the years 1980:Q1 to 1990:Q1,

To compute the total percentage change, use the following formula:

$$\begin{gathered} Totalpercentagechange=\frac{\left(Assetsinquarter1of1990-Assetsinquarter1of1980\right)}{Assetsinquarterof1980}脳100 \\ =\frac{\left(465696-61292\right)}{61292}脳100 \\ =659.79\% \end{gathered}$$

Now, average yearly percentage is

$$\begin{gathered} \frac{Totalpercentagechange}{10} \\ =\frac{659.79\%}{10} \\ =65.97\% \end{gathered}$$

$$\begin{gathered} Totalpercentagechange=\frac{\left(Assetsinquarter1of2000-Assetsinquarter1of1990\right)}{Assetsinquarterof1990}脳100 \\ =\frac{\left(1696149-465696\right)}{465696}脳100 \\ =264.21\% \end{gathered}$$

Average yearly percentage

$$\begin{gathered} \frac{Totalpercentagechange}{10} \\ =\frac{264.21\%}{10} \\ =26.42\% \end{gathered}$$

$$\begin{gathered} Totalpercentagechange=\frac{\left(Assetsinquarter1of2010-Assetsinquarter1of2000\right)}{Assetsinquarterof2000}脳100 \\ =\frac{\left(2983807-1696149\right)}{1696149}脳100 \\ =75.91\% \end{gathered}$$

So, average yearly percentage

$$\begin{gathered} \frac{Totalpercentagechange}{10} \\ =\frac{75.91\%}{10} \\ =7.59\% \end{gathered}$$

So, 1980:Q1 to 1990:Q1, has highest yearly percentage.

Given,

The asset value for the most recent quarter is 2,847,304.

The value of assets from the previous quarter is 2,728,137.

The growth rate is calculated using the following formula:

$$\begin{gathered} Growthrate=\frac{\left(Assetsinrecentyear-Assetsinpreviousyearsquarter\right)}{Assetsinpreviousyearsquarter}脳100 \\ =\frac{\left(2847304-2728137\right)}{2728137}脳100 \\ =4.36\% \end{gathered}$$

So, growth rate is 4.36%.

Growth rate is very less than the highest average yearly growth rate for the decades which is 65%.