- A₹612.50
- B₹675
- C₹550
- D₹4,400
Step-by-Step Solution
Let each instalment be ₹m. 8m + 500 = 4900 → 8m = 4400 → m = 550. Check: ₹500 + 8 × ₹550 = ₹500 + ₹4,400 = ₹4,900 ✓. ₹612.50 divides the whole price by 8 and ignores the deposit; ₹675 adds the deposit instead of subtracting it; ₹4,400 is the total still owed, not one instalment.
Answer: C) ₹550