Find the principle on a certain sum of money at 5% per annum for 6 years if the amount being Rs.1120?  Select
A) 862 B) 1067 C) 1977 D) 1056 E) 1097

Rationale: 1120 = p [ 1 + ( 5 * 6 ) / 100 ] p = 862 answer : a
Answer: A