Step-by-step explanation:
4000 Watts means that if you run the machine for one hour, you are using 4000 watt-hours or more commonly used 4 kWh (kilo means 1000).
for 14 cents per kWh we have then
14 × 4 = 56 cents per day
now, if the other model uses only 2000 Watts and still only needs 1 hour for the same job (which is in reality NOT a given, very often such a machine means that it will have to run close to 2 hours) it would cost
14 × 2 = 28 cents per day, saving 28 cents per day.
for a year running the dryer daily
we would save
28 × 365 = 10220 cents = $102.20 savings per year