Use the table to answer the question.

Question

Amount of Money in a Bank Account After a Certain Number of Years
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?

(1 point)
$

Answer 1

To find the initial value (the amount in the bank account at year 0), we can analyze the values given in the table.

From year 1 to year 2, the amount increases from $1,080 to $1,160, which is an increase of $80.

From year 2 to year 3, the amount increases from $1,160 to $1,240, which is also an increase of $80.

This consistent increase suggests that the amount grows by $80 each year.

Using this information, we can determine the initial value (amount at year 0) by subtracting $80 from the year 1 amount:

Initial value = Amount at year 1 - growth in year 1
Initial value = $1,080 - $80 = $1,000

Therefore, the initial value is $1,000.