Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?	Choose the correct option
A) 1000	B) 2777	C) 9999	D) 2777	E) 2661
1120 = P [1 + (5*12/5)/100]   P= 1000   1000nswer: a
<result>A</result>
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?