Rounded to three decimal places, 1.001^4 =	Choose the most appropriate option
A) 1.004  B) 1.006  C) 1.008  D) 1.012  E) 1.016
As compared to 1, 0.001 is a very small quantity. Thus, we can write (1+0.001)^4 is nearly equal to (1+4*0.001) = 1.004.As the question asks for approximation to three decimal places, the further terms will anyways not come into picture.   1.004
<result>A</result>
Rounded to three decimal places, 1.001^4 =