math function in javascript exponentiation

Question

I have some calculation in javascript that includes exponentiation.

Can any of you say why does this sentence return value 1???

        alert ((0.03+1)^(271/365)-1);

Thanks

Answer 1

The ^ is actually a bitwise XOR operator. You're looking for Math.pow():

alert(Math.pow((0.03+1), (271/365))-1);