Correct Answer - Option 1 : 1182
Given : After down payment 5000 – 500= 4500
Rate % = 25 %
Total instalment = 4
Formula used :
\(instalment = \frac{{100 \times amount}}{{\begin{array}{*{20}{c}} {100 \times n + \;R \times \frac{{n\left( {n - 1} \right)}}{2}}\\ {} \end{array}}}\)
calculation :
\( = (4500×25×4)/(12×100) + 4500 = 4875 \)
Instalment
\(\frac{{100 \times \;4875}}{{\begin{array}{*{20}{c}} {100 \times 4 + \;25 \times 4/12 \times \frac{3}{2} \times }\\ {} \end{array}}} = {\rm{ }}{\bf{1181}}.{\bf{8}}\;\)