Question: What is 4 - 1/8

Can someone me with these two circle theorem questions asap?

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?

Which of the following would be a reasonable estimate for the weight of a pencil? a. 1 × 10^-20 lb b. 1 × 10^20 lb c. 1 × 10^2 lb d. 1 × 10^-2 lb