Rounded to three decimal places, 1.003^4 =
Choose the correct answer: A) 1.004 B) 1.006 C) 1.008 D) 1.012 E) 1.016
As compared to 1, 0.003 is a very small quantity. Thus, we can write (1+0.003)^4 is nearly equal to (1+4*0.003) = 1.012.As the question asks for approximation to three decimal places, the further terms will anyways not come into picture.   1.012.
<result>D</result>
Rounded to three decimal places, 1.003^4 =