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?
(1 point)
1 answer
The initial value is the amount of money in the bank account at the beginning, before any interest is added. In this case, the initial value can be found by looking at the amount of money in the account after 1 year, which is $1,080. Therefore, the initial value is $1,080.
1 answer