Michael opened a savings account at an annual interest rate of 5%. At the end of 3 years, the account balance is $4630.50. If Michael did not add any other amounts to this account, how much was his initial deposit?

answer: the anser is 3

step-by-step explanation:

c- 2o is equal to 9

y > 1/3x

y < = -x + 4

hope this : )

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of