To find the initial value, we need to look at the amount of money in the account after 0 years. Since we don't have that specific value in the table, we need to estimate it by looking at the pattern in the table.
From the table, we see that the amount of money increases by $80 each year. So, to estimate the initial value, we can subtract $80 from the amount after 1 year:
$1,080 - $80 = $1,000
Therefore, the initial value in the bank account is $1,000.
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?
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