Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.870? Options.
A) Rs.700  B) Rs.780  C) Rs.750  D) Rs.1000  E) None of these
Explanation:   870 = P [1 + (5*16/5)/100]   P= 750   Answer: Option Rs.750
<result>C</result>
Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.870?