A large pharmaceutical company uses the function f(x)=1.582x- 3029 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

A large pharmaceutical company uses the function f(x)=1.582x- 3029 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.

GPT 3.5 · Answer

To predict the amount of money the pharmaceutical company will spend in 2025, we need to substitute x = 2025 into the function f(x) = 1.582x - 3029.

f(2025) = 1.582 * 2025 - 3029
= 3200.85 - 3029
= 171.85

Therefore, the pharmaceutical company is predicted to spend $171.85 billion in research and development in 2025.

A large pharmaceutical company uses the function f(x)=1.582x- 3029 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.

A large pharmaceutical company uses the function f(x)=1.582x- 3029 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.