Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1344?	Choose the most appropriate option
A) 1000  B) 2217  C) 1200  D) 2777  E) 2991
1344 = P [1 + (5*12/5)/100]   P= 1200   Answer: 1200
<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.1344?