Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1232?
Options
A) 1000
B) 2217
C) 1100
D) 2777
E) 2991
1232 = P [1 + (5*12/5)/100]   P= 1100   Answer: 1100
<result>C</result>
Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1232?