Answer:
$3116
Step-by-step explanation:
First off, we need to find the value of the appliance after the down payment.
$2450 - $600 = $1850
This then makes our principal $1850.
P = $1850
r = 9% or 0.09
t = 4 years
To find the total cost of the appliance plus interest, we need to look for our accrued amount first.
A = P + Prt
A = $1850 + $1850(0.09)(4)
A = $1850 + $666
A = $2516
Now that we know our accrued amount, we then add our down payment to find the total cost.
Total cost = $2516 + $600
Total cost = $3116
