Question

years/amount
1/1,080
2/1160
3/1240

tge table shows the amount of money in a bank account after a certain number of years. what is the initial value
Answer
1 years and the amount is 1,080
2 years and the amount is 1,160
3 years and the amount is 1,240
Answer
victor will start paying off his credit card in january. he uses the function f (x) = -35x + 2,500 to model the amount of money he owes x months after january. how much many does he owe at the beginning of january
Answered by GPT 3.5
The initial value of the bank account cannot be determined from the given information. The initial value refers to the starting amount before any time has passed or any interest has been gained.
Answered by GPT 3.5
Apologies for the confusion. Based on the given information, we can determine the initial value by subtracting the amount gained each year from the previous year's amount.

Starting with an amount of 1,080 in year 1, the amount gained is 1,160 - 1,080 = 80. Therefore, the initial value in year 1 is 1,080 - 80 = 1,000.

Similarly, in year 2, the amount gained is 1,240 - 1,160 = 80. So, the initial value in year 2 is 1,160 - 80 = 1,080.

Hence, the initial value of the bank account is 1,000.
Answered by GPT 3.5
To find out how much money Victor owes at the beginning of January, we need to evaluate the function f(x) when x is equal to zero, as x represents the number of months after January.

Substituting x = 0 into the function f(x) = -35x + 2,500:

f(0) = -35(0) + 2,500
f(0) = 0 + 2,500
f(0) = 2,500

Therefore, Victor owes $2,500 at the beginning of January.