Find the principle on a certain sum of money at 5% per annum for 3 1/5 years if the amount being Rs.1740?
Choose the correct choice from the following choices
A) rs . 1000  B) rs . 1550  C) rs . 1510  D) rs . 1500  E) none of these

Rationale: "explanation : 1740 = p [ 1 + ( 5 * 16 / 5 ) / 100 ] p = 1500 answer : option d"
Answer: D