Question

Difference Between: ${(1.00)}^{365}=1.00$and ${(1.01)}^{365}=37.7$

Answer 1

Finding the difference

Given ${(1.00)}^{365}=1.00$ and ${(1.01)}^{365}=37.7$

$\begin{array}{rcl}{(1.01)}^{365}-{(1.00)}^{365}& =& 37.7-1.00\\ & =& 36.7\end{array}$

Therefore, the required difference is $36.7$