Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1904? Choose the correct choice from the following options
A) 1700  B) 2777  C) 2889  D) 27670  E) 2771
1904 = P [1 + (5*12/5)/100]   P= 1700.1700nswer:1700
<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.1904?