The function C(t) = Co (1+r) t is used to model the rise in cost of a product that has cost of Co , today it is predicted to have an average annual inflation rate of r for t years.. If a house is purchased today for P 202,300 what is the predicted cost of the same house in 8 years if the annual inflation rate for the next eight years is predicted to be 3.5%? 2. The revenue generated by selling x units of a product at a price p(x) per unit is given by R(x) = x.p(x) If p(x) = 34(4)-x/6 . Determine the revenue if 12units of the product is sold. 3.The owner of large tracts of lands in a particular province expects the value of his land to appreciate at a rate of 10% a year . If his land is now worth P50 per square meter, a. Assuming a biological growth pattern ,set up the model for the price per square meter of the land t years from now. b. How much is a square meter of his land expected to cost five years from now if the trend continues?