Find the principle on a certain sum of money at 11% per annum for 2 2/5 years if the amount being Rs.1120?
Answers.
A) 1000	B) 812.88	C) 827.78	D) 826.82	E) 886.08
1120 = P [1 + (5*12/5)/100]   P= 886.08   Answer: 886.08
<result>E</result>
Find the principle on a certain sum of money at 11% per annum for 2 2/5 years if the amount being Rs.1120?