What equal installment of annual payment will discharge a debt which is due as Rs. 848 at the end of 4 years at 4% per annum simple interest ?

Answer: Option B

Note : In such type of questions to save your valuable time follow the given below method.
$$\begin{array}{rl}& \text{Value of installment}\\ & \text{ = }\frac{\text{Principal}\times \text{100}}{\text{Time}\times \text{100}+\left({\text{t}}_{\text{n - 1}}+{\text{t}}_{\text{n - 2}}...1\right)\times \text{Rate}\%}\\ & \text{Principal = Rs}\text{. 848}\\ & \text{Rate = 4}\%\\ & \text{Time = 4 year}\\ & \text{Installment}\\ & \text{ = }\frac{848\times 100}{4\times 100+\left(3+2+1\right)\times 4}\\ & \text{ = }\frac{848\times 100}{\left(400+24\right)}\\ & =\frac{848\times 100}{424}\\ & \text{ = Rs}\text{. 200}\end{array}$$