A large pharmaceutical company uses the function f(x) = 1.879x3726 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 2026
To predict the amount of money the pharmaceutical company will spend in 2026, we need to substitute x with 2026 in the function f(x) = 1.879x3726.
f(2026) = 1.879 * (2026)^3726
Using a calculator, we find that:
f(2026) ≈ 1.879 * (2026)^3726 ≈ 1.879 * 1.38987 × 10^14544 ≈ 2.61 × 10^14544 billion dollars
Therefore, the pharmaceutical company is predicted to spend approximately 2.61 × 10^14544 billion dollars on research and development in 2026.