A large pharmaceutical company uses the function f(x)=1.789x - 3052 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 2029

The company will spend ​$
  
enter your response here billion on research and development in 2029.

1 answer

To find the amount of money the company will spend on research and development in 2029, we need to substitute x = 2029 into the function f(x) = 1.789x - 3052:

f(2029) = 1.789(2029) - 3052

Calculating this expression:

f(2029) ≈ $3628.481 billion

Therefore, the company will spend approximately $3628.481 billion on research and development in 2029.