what sum of money amounts to $667 in 4 years at 4%?

what sum of money amounts to $667 in 4 years at 4%?
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?????????? iz this simpel interest or kompound ??????????

sinpel interest at 4% for 4 yeers=16%

(start dollars)*(1.16)=667$

start=667/1.16

=575$
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