Find the value of (1,01)5 using Bonomial upto 4 decimal places.
(1.01)5 = (1 + 0.01)5
= 1 + 5C1(0.01) + 5C2(0.01)2 + 5C3 (0.01)3 + 5C4 (0.01)4 + 5C5 (0.01)5
= 1 + 5(0.01) + 10(0.001) +10(0.000001) + ignoring the further terms
= 1.0510[correct upto 4 decimals]
