A large uses the function f(x) = 1.754x-3195 to model the amount of money, in billions of dollars, it spends each year on research and developmentwhere x corresponds to the year. Use the function to predict the amount of money it will spend in 2021.
To predict the amount of money the company will spend in 2021, we need to substitute the value of x = 2021 into the given function.
f(2021) = 1.754(2021) - 3195
= 3545.634 - 3195
= 350.634
Therefore, the company is predicted to spend approximately $350.634 billion on research and development in 2021.