What is 7% of £14.50? Please show me the working outs in a simplest way possible. Thank you

[tex]\text{Hey there!}[/tex][tex]\text{The word \bf{of}}\text{ means multiply in mathematical terms.}[/tex][tex]\text{Percentages (\%) usually run out of 100}[/tex][tex]\text{First, put the numbers set to multiply from each other.}[/tex][tex]\text{7\%}\times\text{14.50}[/tex][tex]\text{(You can convert the percentage into a decimal (if you want but it is mandatory)}[/tex] [tex]\leftarrow\text{in order for you to convert them into a decimal you have to divide 7\%}[/tex] [tex]\text{from 100}[/tex][tex]\dfrac{7\%}{100}[/tex][tex]\dfrac{7\%}{100}=0.07[/tex][tex]\text{Next, solve for your answer.}[/tex][tex]\text{0.07}\times\text{14.50 = ?}[/tex][tex]\text{Solve the one above, and you SHOULD get your result!}[/tex][tex]\boxed{\boxed{\bf{Thus,\ your\ answer\ is: 1.015}}}\checkmark[/tex][tex]\text{Good luck on your assignment and enjoy your day!}[/tex]~[tex]\frak{LoveYourselfFirst:)}[/tex]