A large pharmaceutical company uses the function f(x)=1.556x - 3133 to model the amount of money, in billions of dollars, it spends each year on research and development, where x corresponds to the year. Use the function to predict the amount of money it will spend in 2025.

Question

The company will spend $ __ billion on research and development in 2025. (Round to three decimal places.)

Answer 1

To find the amount of money the company will spend in 2025, we need to substitute x = 2025 into the function f(x) = 1.556x - 3133:

f(2025) = 1.556(2025) - 3133
f(2025) = 3153.3 - 3133
f(2025) = 20.3

Therefore, the company will spend $20.3 billion on research and development in 2025.