please check my answer

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

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  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

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  2. Thanks :)

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