To predict the amount of money the pharmaceutical company will spend in 2024, we need to substitute the year x = 2024 into the given function f(x) = 1.821x - 3346.
So, f(2024) = 1.821(2024) - 3346
= 3686.904 - 3346
= 340.904
Therefore, the company is predicted to spend approximately 340.904 billion dollars on research and development in 2024.
A large pharmaceutical company uses the function f(x) = 1.821x-3346 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 2024.
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