The equation, 868 = 700(1 + 0.04t), represents the amount of money earned on a savings account. What does the value 868 represent?

The value 868 represents the amount of interest earned, which means $868 was added to the initial balance.
The value 868 represents the final balance in the account, which means the account balance started with $868.
The value 868 represents the final balance in the account, which means the account ended with $868.
The value 868 represents the initial balance in the account, which means the account balance ended with $868.