Raymond B. answered 01/13/22
Math, microeconomics or criminal justice
1.016)^3 = (1 + .016)^3
there's an algebraic formula: (a+b)^3 = a^3 + 3a^2b + 3ab^2 + b^3)
the coefficients for the 4 terms are also found on the 4th row of Pascal's Triangle
1
11
121
1331
plug (1 + .016) values into the formula with a=1 and b = .016
(1)^3 + 3(1)^2(.016) + 3(1)(.016)^2 + (.016)3
= 1 + .048 + 3(.000256) + .000004096
= 1 + .048 + .000768 + .000004096
keep the decimal places in order when added
1
0.048
0.000768
0.000004096
=
1.048772096
one way to check this answer is the "rule of 9's"
add up the digits in the answer: 1+4+8+7+7+2+9+6 = 42, 4+2=6
then add up the digits in the problem 1.016: 1+1+6 = 8
8x8=64 6+4 =10 1+0=1 1 x 8 = 8
8=8. That doesn't guarantee the answer is correct. but it's a 90% chance it is.
or another method is
just do long division
1.016 times
1.016 equals
1.032256
1.016 times
1.016 equals
6096
1016
1016 add the columns
1.032256
now multiply that by 1.016
1.032256 times
1.016 to get
6193536
1032256
0
1032256
1.048772096 you can count the decimal places in the problem 6 in 1.032230 and 3 in 1.016 to get 6+3 = 9 n the answer 1.048772096 Or just know it's a number that's slightly more than 1, so the decimal place as to go right after the 1.
Krugen K.
Thank you.02/18/22