Question

Please check my answer thanks :)

What is the simple interest on $14,500 loan at 9% interest for 5 years

Interest = $14,500 x 0.9% = 1305 x 5 =
6525

Answer 1

to go from percent to decimal fraction, divide by 100
9% = 0.09 (not 0.9)
14,500 * 0.09 = 1305 I agree, your .9 must be a typo
and yes, $6,525 is the answer

Answer 2

Thanks :)