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Explanation:

Cost of refrigerator = Rs. 42000.
Down payment = Rs. 12000.
Loan amount for Monika = 42000 − 12000 = Rs. 30,000.

Interest charged every six months = 10/2 = 5%

∴ 30000 × 1.054 = x × 1.053 + x × 1.052 + x × 1.05 + x.

∴ 36465 = 4.31x

∴ x ≈ 8460.

Hence option (c).

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