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Since the year 2005, defense spending (in millions of dollars) in the country ofWarpeas can...

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Since the year 2005, defense spending (in millions of dollars) in the country ofWarpeas can be approximately represented by the function:A(t) = 1.34e^0.11tFind the amount of defense spending in 2005 and describe (interpret) the changefrom one year to the next year.1) Defense spending in 2005 was $1.34 million and changed by a multiple ofabout $1.12 million each year since 2005, meaning that the spendingincreased after 2005.2) Defense spending in 2005 was $0.11 million and changed by a multiple ofabout $1.34 million each year since 2005, meaning that the spendingincreased after 2005.3) Defense spending in 2005 was $1.34 million and changed by a multiple ofabout $0.11 million each year since 2005, meaning that the spendingdecreased after 2005.4) Defense spending in 2005 was $1.34 million and did not change at all eachyear since 2005, meaning that the spending remained constant after 2005.

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