Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.1160? Choose the correct choice:
A) Rs.1000
B) Rs.1100
C) Rs.1010
D) Rs.10000
E) None of these
Explanation:   1160 = P [1 + (5*16/5)/100]   P= 1000   Rs.1000nswer: Option Rs.1000
<result>A</result>
Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.1160?