Question 166292
Simple interest formula,
{{{F=P(1+ni)}}}
where F is the future value, P is the present value, i is interest rate, n is the number of periods.
{{{F=P(1+ni)}}}
{{{6900=P(1+7(0.04))}}}
{{{6900=P(1+0.28)}}}
{{{P=5390.63}}}