Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1456? Select: A) 1000 B) 2217 C) 2889 D) 2777 E) 1300
1456 = P [1 + (5*12/5)/100]   P= 1300   Answer: 1300
<result>E</result>
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1456?