Since the year 2005, defense spending (in millions of

Last updated: 7/8/2022

Since the year 2005, defense 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 $1.12 million each year since 2005, meaning that the spending increased 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 changed by a multiple of about $0.11 million each year since 2005, meaning that the spending decreased after 2005. 4) 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.