Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?	Choose the correct choice.
A) Rs.1000	B) Rs.1100	C) Rs.1050	D) Rs.1200	E) Rs.1500
Explanation:   1120 = P [1 + (5*12/5)/100]   P= 1000   Rs.1000NSWER IS Rs.1000
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Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?