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$\color{#FF6800}{ 1.002 } ^ { 3 }$

$ $ Convert decimals to fractions $ $

$\left ( \color{#FF6800}{ \dfrac { 501 } { 500 } } \right ) ^ { 3 }$

$\left ( \color{#FF6800}{ \dfrac { 501 } { 500 } } \right ) ^ { \color{#FF6800}{ 3 } }$

$ $ When raising a fraction to the power, raise the numerator and denominator each to the power $ $

$\dfrac { \color{#FF6800}{ 501 } ^ { \color{#FF6800}{ 3 } } } { \color{#FF6800}{ 500 } ^ { \color{#FF6800}{ 3 } } }$