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)
$
Remaining Attempts : 3

Answer 1

To find the initial value (the amount at the start, which we can consider as year 0), we can analyze the changes in the amount over the years.

Looking at the amounts given:

• After 1 year: $1,080
• After 2 years: $1,160
• After 3 years: $1,240

From year 1 to year 2, the amount increased by $80 ($1,160 - $1,080).

From year 2 to year 3, the amount also increased by $80 ($1,240 - $1,160).

This indicates a consistent increase of $80 per year. Therefore, we can go backward to find the initial amount:

• At year 0: Amount at year 1 - Increase = $1,080 - $80 = $1,000

Thus, the initial value is:

$1,000