Respuesta :

Step 1

Given;

[tex](1+0.03)^7[/tex]

Required; To approximate using a calculator

Step 2

[tex]\begin{gathered} (1+0.03)^7=(1.03)^7 \\ =1.22987 \\ \approx1.230\text{ to 3 decimal places} \end{gathered}[/tex]

Answer;

[tex]1.230[/tex]

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