Answer:
A = P(1 + r/100)^n
A = 1000 x (1.08)^n
Step-by-step explanation:
n is the number of years, p is the principal, A is the amount.
The lamp is appreciating (increasing in value) so every year, its value is 1.08 times its value the year before.
Use the first equation to be more general, use the second equation if there isn't anything below asking you to input numbers into the equation.
Probably just use the first one.
