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

Harish want to study at the School of Mathematics institution after four years. He need \(₹\)5248 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?

 

Harish should deposit \(₹\)________today to pay the fee \(₹\)5248.