Your original question doesn't ask for the interest per month. It just wants to know the total interest you'd pay at the end of five years. If you paid $301 per month for 60 months, you'd pay almost three times the amount of interest than you should.
Try again, using this formula.
I = P*r*t
The simple interest on a $14,500 loan at 9% interest for 5 years
my answer is $301.00 per month
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