The total spent on research and development by the federal government in the United States du S(t) = 3.1 In(t) + 22 billion dollars (2 sts 12), where t is the year since 2000.t What was the total spent in 2003 (t = 3)? (Round your answer |billion How fast was it increasing? (Round your answer to three decimal places.) billion per year

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 12SE: For the following exercises, consider this scenario: For each year t , the population of a forest of...
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The total spent on research and development by the federal government in the United States during 2002-2012 can be approximated by
S(t) = 3.1 In(t) + 22 billion dollars (2 sts 12),
where t is the year since 2000.t What was the total spent in 2003 (t = 3)? (Round your answer to the nearest whole number.)
$
billion
How fast was it increasing? (Round your answer to three decimal places.)
billion per year
Transcribed Image Text:The total spent on research and development by the federal government in the United States during 2002-2012 can be approximated by S(t) = 3.1 In(t) + 22 billion dollars (2 sts 12), where t is the year since 2000.t What was the total spent in 2003 (t = 3)? (Round your answer to the nearest whole number.) $ billion How fast was it increasing? (Round your answer to three decimal places.) billion per year
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