Rounded to three decimal places, 1.005^4 =	Select.
A) 1.004  B) 1.006  C) 1.008  D) 1.012  E) 1.02
As compared to 1, 0.005 is a very small quantity. Thus, we can write (1+0.005)^4 is nearly equal to (1+4*0.005) = 1.020.As the question asks for approximation to three decimal places, the further terms will anyways not come into picture.   1.02.
<result>E</result>
Rounded to three decimal places, 1.005^4 =