Find the principle on a certain sum of money at 9% per annum for 2 2/5 years if the amount being Rs.1120?
Choose the correct choice from the following answers:
A) 1000 B) 912.88 C) 927.78 D) 926.82 E) 921.05

Rationale: 1120 = p [ 1 + ( 9 * 12 / 5 ) / 100 ] p = 921.05 answer : e
Answer: E