A large pharmaceutical company uses the function f(x)=1.851x−3369 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 2030. Question content area bottom

Question

A large pharmaceutical company uses the function f(x)=1.851x−3369 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 2030. Question content area bottom

Part 1 The company will spend $enter your response here billion on research and development in 2030.

Answer 1

To predict the amount of money the pharmaceutical company will spend on research and development in 2030, we need to substitute x=2030 into the function f(x)=1.851x−3369.

Therefore, using the function:

f(2030)=1.851(2030)−3369
f(2030)=3758.83-3369
f(2030)=389.83

The company will spend $389.83 billion on research and development in 2030.