Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.580?
Choose the correct choice:
A) Rs.500	B) Rs.5100	C) Rs.530	D) Rs.540	E) None of these
Explanation:   580 = P [1 + (5*16/5)/100]   P= 500   Rs.500nswer: Option Rs.500
<result>A</result>
Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.580?