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 correct choice from the following:
A) 1200  B) 2777  C) 2889  D) 27670  E) 2771
1344 = P [1 + (5*12/5)/100]   P= 1200.1200nswer:1200
<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.1344?