Question

Since the year 2005defense spending (in millions of dollars) in the country of Warpeas can be approximately represented by the function: A(t) = 1.34e ^ (0.11t) Find the amount of defense spending in 2005 and describe (interpret ) the change from one year to the next year . 1) Defense spending in 2005 was $1.34 million and changed by a multiple of about $ 0.11 million each year since 2005 , meaning that the spending decreased after 2005 . 2)Defense spending in 2005 was $0.11 million and changed by a multiple of about $1.34 million each year since 2005 , meaning that the spending increased after 2005 . 3)Defense spending in 2005 was $1.34 million and did not change at all each year since 2005 , meaning that the spending remained constant after 2005 . 4)Defense spending in 2005 was $1.34 million and changed by a multiple of about 1.12 million each year since 2005 , meaning that the Spending Increased after 2005 .

Answer 1