Final answer:
The simple interest for a $25,000 loan at 5% after nine months is $937.50.
Step-by-step explanation:
To calculate the simple interest for a $25,000 loan at 5% after nine months, you can use the formula:
Simple Interest = principal × rate × time
Plug in the values:
Principal (P) = $25,000, Rate (R) = 0.05, Time (T) = 9/12 (converted to years)
Simple Interest = $25,000 × 0.05 × (9/12)
Simplify the calculation:
Simple Interest = $25,000 × 0.05 × 0.75
Simple Interest = $937.50
The simple interest for the $25,000 loan at 5% after nine months is $937.50.