Find the principle on a certain sum of money at 5% per annum for 5 years if the amount being Rs.1120?
Select:
A) 896  B) 1067  C) 1977  D) 1056  E) 1097

Rationale: "1120 = p [ 1 + ( 5 * 5 ) / 100 ] p = 896 answer : a"
Answer: A