Find the principle on a certain sum of money at 5% per annum for 5 years if the amount being Rs.1120?	Choose the correct choice from the following.
A) 896  B) 1067  C) 1977  D) 1056  E) 1097
1120 = P [1 + (5*5)/100]   P= 896   896nswer: 896
<result>A</result>
Find the principle on a certain sum of money at 5% per annum for 5 years if the amount being Rs.1120?