Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.1450?
Pick.
A) Rs.1000 B) Rs.1250 C) Rs.1010 D) Rs.10000 E) None of these
Explanation:   1450 = P [1 + (5*16/5)/100]   P= 1250   Answer: Option Rs.1250
<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.1450?