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Question

Approximate value of (1.04)14 is

A
1.02
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B
1.04
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C
1.01
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D
1.08
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Solution

The correct option is B 1.01
Approximate value of (1.04)1/4
for any quantity of form (1+x)n where x is a very small number with respect to 1 ; whure nR . So we can write by Binomial expansion.
(1+x)n1+nx
So in ques we have (1.04)1/4=(1+0.04)1/4 So approximate value =1+14(0.04)=1+0.01=1.01

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