Evaluate (1+0.08/1)^(1/4)-1

${(1 + \frac{0.08}{1})}^{\frac{1}{4}} - 1$

Step 1

Simplify each term.

Divide $0.08$ by $1$ .

${(1 + 0.08)}^{\frac{1}{4}} - 1$

Add $1$ and $0.08$ .

${1.08}^{\frac{1}{4}} - 1$

Raise $1.08$ to the power of $\frac{1}{4}$ .

$1.01942654 - 1$

$1.01942654 - 1$

Step 2

Subtract $1$ from $1.01942654$ .

$0.01942654$

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