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The total spent on research and development by the federal government in the United States during 2002-2012 can be approxima S(t)= 3.1 In(t) + 22 billion dollars (2 ≤ t ≤ 12), where t is the year since 2000.+ What was the total spent in 2005 (t = 5)? (Round your answer to the nearest whole number.) $ billion How fast was it increasing? (Round your answer to three decimal places.) $ billion per year

The total spent on research and development by the federal government in the United States during 2002-2012 can be approxima S(t)= 3.1 In(t) + 22 billion dollars (2 ≤ t ≤ 12), where t is the year since 2000.+ What was the total spent in 2005 (t = 5)? (Round your answer to the nearest whole number.) $ billion How fast was it increasing? (Round your answer to three decimal places.) $ billion per year

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 57SE: Repeat the previous exercise to find the formula forthe APY of an account that compounds daily....
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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 ≤ t ≤ 12), where t is the year since 2000.† What was the total spent in 2005 (t = 5)? (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 ≤ t ≤ 12), where t is the year since 2000.† What was the total spent in 2005 (t = 5)? (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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