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)
$
Remain

Answer 1

To find the initial value of the amount in the bank account, we can determine the amount after Year 1 and subtract the increase.

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 again an increase of $80.

This suggests that the account is increasing by $80 each year.

If we go back one year from Year 1 (0 years), we can subtract the increase from Year 1:

Initial value = Amount after Year 1 - Increase Initial value = $1,080 - $80 = $1,000.

So, the initial value is $1,000.