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Write and solve an equation to answer the equation. 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?

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xero099

By solving in a system of linear equations, the balance of the investment account 4 years ago is equal to $ 4708.

How to determine the initial balance in an investment account?

Herein we have a word problem, where the statement itself represents a linear equation, where we know the current balance and the difference between the current balance and the balance seen four years ago. Mathematically speaking, we have the following linear equation:

y = x + 308        (1)

y = 4708            (2)

Where:

  • x - Balance in the investment account four years ago, in US dollars.
  • y - Current balance in the investment account, in US dollars.

Then, the solution of the system of linear equations is equal to (x, y) = (4408, 4708).

By solving in a system of linear equations, the balance of the investment account 4 years ago is equal to $ 4708.

To learn more on systems of linear equations: https://brainly.com/question/21292369

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