Find the principle on a certain sum of money at 6% per annum for 2 2/5 years if the amount being Rs.1120?	Choose the correct choice from the following options:
A) 979	B) 1288	C) 2778	D) 2682	E) 1021
1120 = P [1 + (6*12/5)/100]   P= 979   979nswer: 979
<result>A</result>
Find the principle on a certain sum of money at 6% per annum for 2 2/5 years if the amount being Rs.1120?