Find the principle on a certain sum of money at 8% per annum for 2 2/5 years if the amount being Rs.1120?
Choose the correct choice from the following answers
A) 939.6 B) 928.8 C) 927.78 D) 926.82 E) 902.1

Rationale: "1120 = p [ 1 + ( 8 * 12 / 5 ) / 100 ] p = 939.60 answer : a"
Answer: A