Question

The balance of an investment account is $308.32

Answer 1

The balance was $4400.25 before 4 years.

What is an Equation?

An equation is a mathematical statement formed when two expressions are equated using an equal sign.

The equations are useful in the determination of unknown parameters.

The equations are of various types, such as Trigonometric equations, and quadratic equations.

The balance of an investment account is $308.32

Let the balance 4 years ago was $x

Then the balance today is represented by x + 308.32

The current balance is $4708.57

The expressions can be equated to get the value of the balance 4 years ago.

x + 308.32 = 4708.57

x = 4708.57 - 308.32

x = $4400.25

The balance 4 years ago was $4400.25

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