Arithmetic series formula is
1/2(n)(a1+an) the n is 8, and the sum is already given which is 480
Substitute
[tex]480=\frac{1}{2}(8)(10+a8)[/tex]
Divide both sies by 1/2
960=80+8a8
Subtract 80 to both sides
880=8a8
Divide both sides by 8
a=110
The leader will get $110. Hope this helps =)