Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1120?
Choose the correct choice
A) 1000  B) 2877  C) 2769  D) 2776  E) 9871
1120 = P [1 + (5*12/5)/100]   P= 1000   1000nswer:1000
<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.1120?