Find the principle on a certain sum of money at 7% per annum for 2 2/5 years if the amount being Rs.1120?
Choose the correct choice from the following choices.
A) 939.6	B) 958.9	C) 927.78	D) 926.82	E) 902.1

Rationale: "1120 = p [ 1 + ( 7 * 12 / 5 ) / 100 ] p = 958.90 answer : b"
Answer: B