Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.896?
Choose the correct choice from the following.
A) 1000
B) 800
C) 2889
D) 2777
E) 2991
896 = P [1 + (5*12/5)/100]   P= 800   Answer: 800
<result>B</result>
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.896?