Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.2030? Choose the correct answer:  A) Rs.2000  B) Rs.1750  C) Rs.2010  D) Rs.2005  E) None of these
Explanation:   2030 = P [1 + (5*16/5)/100]   P= 1750   Answer: Option Rs.1750
<result>B</result>
Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.2030?