QuestionFind the balance $b$ in an account 4 years ago if the current balance is \$4708.57 and it's \$308.32 more than 4 years ago.

Studdy Solution

STEP 1

Assumptions1. The current balance of the account is $4708.57. The current balance is$ 308.32 greater than the balance4 years ago

STEP 2

Let's denote the balance of the account4 years ago as $b$ . According to the problem, the current balance is $308.32 greater than$ b $. We can write this relationship as an equation$ $Current\, balance = b + \$308.32$ $

STEP 3

Now, substitute the given value for the current balance into the equation $\$4708.57 = b + \$308.32$

STEP 4

To find the value of $b$ , we need to isolate it on one side of the equation. We can do this by subtracting $308.32 from both sides of the equation$ $b = \$4708.57 - \$308.32$ $

STEP 5

Now, calculate the value of $b$ $b = \$4708.57 - \$308.32 = \$4400.25$ The balance of the account4 years ago was $4400.25.

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