Answer:
$394
Step-by-step explanation:
Let's calculate how much he will pay in total:
For 2 years he would have to pay $93.50 monthly. As there are 24 months in 2 years, he will pay 24*$93.50 = $2,244
He already paid $450 for a down payment, so the total pay will be $450 + $2,244 = $2,694
To know the interest, we have to subtract the real cost of the bobsled to what he will pay:
$2,694 - $2,300 = $394
He will pay $394 of interest.
