Question

the cost price of a refrigerator is rs.16800 ranjith wants to buy the refrigerator at 0% finance scheme paying 3 EMI in advance. a processing fee of 3% is also collected from ranjith. find the EMI and the total amount paid by him for a period of 24months​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

processing fee = 3% of 16,800

E. M. I = loan amount+Interest /no.of months

E. M. I = 16800+0 / 24

= 700

Total amount paid = 16800+Advance EMI paid +504

advance EMI paid = 700×3 =2100

so,

total amount paid = 16800+2100+504

ANSWER = 19404