Question

the balance of an investment account is $308 more than the balance 4 years ago. the current balance of the account is $4708. what was the balance 4 years ago?

Answer 1

4708 - 308 = 4400. You subtract it because the current was 308 more so the last time has to be 308 less.

Answer 2

$4400

Explanation:

We are given that the balance of an investment account is $308 more than the balance 4 years ago.

We are given that current balance in the account=$4708

We have to find the value of balance 4 years ago.

Let x be the balance 4 years ago

According to question

`x+308=4708`

`x=4708-308`

Using subtraction property of equality

`x=4400`

Hence, 4 years ago the balance in the account =$4400