Correct Answer: Option D

Explanation

S.I = \(\frac{PTR}{100}\)

T = 4yrs, R = 8%, a = N330.00

330 - P = \(\frac{PTR}{100}\), A = P + I

i.e. A = P + \(\frac{PTR}{100}\)

330 = P + \(\frac{P(4) (8)}{100}\)

33000 = 32P + 100P

132P = 33000

P = N250.00

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