Find the principle on a certain sum of money at 5% per annum for 2 2/5 years if the amount being Rs.1008?
Choose the correct option
A) 900 B) 2217 C) 2889 D) 2777 E) 2991

Rationale: "1008 = p [ 1 + ( 5 * 12 / 5 ) / 100 ] p = 900 answer : a"
Answer: A