Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?	Pick one: A) 1000 B) 2777 C) 2889 D) 27670 E) 2771
1120 = P [1 + (5*12/5)/100]   P= 1000.1000nswer:1000
<result>A</result>
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?