14. Calculate the amount one should deposit to get a certain amount

Vikram want to study at the School of Mathematics institution after five years. He need \(₹\)2835 money to study there. He decide to deposit some amount in the bank at an annual interest rate of 7\(\%\). Now find out how much money should he deposit today if he want to use the total amount to pay the fees?

 

Vikram should deposit \(₹\)________today to pay the fee \(₹\)2835.