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Question

The approximate value of (1.01)−7 is

A
0.3
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B
0.7
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C
0.49
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D
0.93
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Solution

The correct option is B 0.93
The approximate value of (1+x)n for x<1 is 1+nx
So, (1+0.01)7 as 0.01<1
1+ (7)×(0.01) = 10.07=0.93
Thus approximate value of (1.01)7 is 0.93.

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