What is 1.02 to the power of 10 approx?
What is 1.02 to the power of 10 approx?
Approach: Use (1+x)^n ≈ 1 + nx.
1.22. 1 + (10 * 0.02) = 1.2.
Follow-up: Is the actual value higher or lower than 1.2?
Key concepts: binomial approximation.
What is 1.02 to the power of 10 approx?
Approach: Use (1+x)^n ≈ 1 + nx.
1.22. 1 + (10 * 0.02) = 1.2.
Follow-up: Is the actual value higher or lower than 1.2?
Key concepts: binomial approximation.