Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120? Choices:
A) 1000
B) 1067
C) 1977
D) 1056
E) 1097
1120 = P [1 + (5*12/5)/100]   P= 1000   1000nswer: 1000
<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?