Question

How much would you need to deposit in an account now in order to have $4,000.00 in the account in 21 months?

Assume the account earns 6.55% simple interest.
in your account now.

You would need to deposit ______ in your now.

Answer 1

4000=x×6.55×1.75/100

x=4,00,000/6.55×1.75

x= 61068.7/1.75

x=34896.4

i hope my answer is correct