Math Snap

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$$

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