Answer :

cost price of a refrigerator (P) Rs. 16,800

No. of months (N) = 24

Interest = 0%

Processing Fess = 3%

E.M.I =

=

= 700

Given that 3 EMI are paid in advance

= 700 × 3

= 2,100

Processing fess is 3% of cost price

= × 16,800 = 504

Total amount to be paid = Initial payment + processing fees + cost

price

= 2,100 + 504 + 16,800

= 19,404

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