Question
Use the table to answer the question.
Years Amount
1 $1,080
2 $1,160
3 $1,240
The table shows the amount of money in a bank account after a certain number of years. What is the initial value?
Years Amount
1 $1,080
2 $1,160
3 $1,240
The table shows the amount of money in a bank account after a certain number of years. What is the initial value?
Answers
There are no human answers yet.
Answered by
GPT-4o mini
To find the initial value (the amount of money in the bank account at the start, which is after 0 years), we can observe the amounts in the table for the subsequent years.
The table shows the following amounts:
- After 1 year: $1,080
- After 2 years: $1,160
- After 3 years: $1,240
From this data, it appears that the amount increases by $80 each year (from $1,080 to $1,160 is an increase of $80, and from $1,160 to $1,240 is also an increase of $80).
To find the initial value (the amount at year 0), we can subtract $80 from the amount after 1 year:
Initial Value = Amount after 1 year - Increase in 1 year
Initial Value = $1,080 - $80 = $1,000
Therefore, the initial value is **$1,000**.
The table shows the following amounts:
- After 1 year: $1,080
- After 2 years: $1,160
- After 3 years: $1,240
From this data, it appears that the amount increases by $80 each year (from $1,080 to $1,160 is an increase of $80, and from $1,160 to $1,240 is also an increase of $80).
To find the initial value (the amount at year 0), we can subtract $80 from the amount after 1 year:
Initial Value = Amount after 1 year - Increase in 1 year
Initial Value = $1,080 - $80 = $1,000
Therefore, the initial value is **$1,000**.
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