Solution:
Given (z-1)/(2z+1) = 4
(z-1)/(2z+1) = (x+iy-1)/(2(x+iy)+1)
= ((x-1)+iy)/(2x+1)+2iy
Multiply numerator and denominator with (2x+1)-2iy)
= ((x-1)+iy)((2x+1)-2iy)/((2x+1)+2iy)(2x+1-2iy)
= (x-1)(2x+1)+2y2+iy(-2x+2+2x+1)/((2x+1)2+4y2)
Img ((z-1)/(2z+1)) = 3y/(2x+1)2+4y2 = -4
3y = -4(4x2+1+4x+4y2)
16x2+16y2+16x+3y+4 = 0
This is the locus of a circle.
Hence option (2) is the answer.