A mobile phone is available for Rs. 25,000 or Rs. 5,200 down payment, followed by 4 equal monthly instalments. If the rate of interest is 25% p.a. simple interest, calculate the amount of each instalment.
1
Rs. 5,020
2
Rs. 5,200
3
Rs. 5,362
4
Rs. 4,950
5
Rs. 4,920