Use the table to answer the question.

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)
$

Answer 1

To find the initial value (the amount in the bank account at year 0), we can examine the amounts provided in the table. The amounts appear to increase by $80 each year.

Starting with the value at year 1:

• Year 1: $1,080
• Year 0 (initial value) = Year 1 amount - Increase = $1,080 - $80 = $1,000

So, the initial value in the bank account is $1,000.