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.
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.