Question 1204037
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<pre>

Use the simple interest formula and write equation for the future value

    3000 = x*(1+0.06*2),


where x is the unknown starting deposit.


From this equation, find x

    x = {{{3000/(1+0.06*2)}}} = 2678.58  (rounded to the closest greater cent).   <U>ANSWER</U>
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on simple interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

in this site.


Learn the subject from there.