What is 1.04 to the 3rd power?

Answer 1

1.04^3 (this is how it is expressed) means 1.04 x 1.04 x 1.04

1.04 x 1.04 = 1.0816

1.0816 x 1.04 = 1.124864

The answer is 1.04^3 = 1.124864

Note: If you are concerned with significant digits the answer would be: 1.12