No, frasinscotland.
What you did is compound interest. The question clearly says simple interest.
Finance Company A: $15,000 x 0.125 =$1,875.00 simple interest for 1 year.
$1,875.00 x 5 years =$9,375.00 Interest cost for 5 years.
Finance Company B: $15,000 x 0.102 =$1,530.00 simple interest for 1 year.
$1,530.00 x 6 years =$9,180.00 Interest cost for 6 years.
As you can see, Finance Company B is slightly cheaper by $195. This is on the assumption that no principal is paid back until maturity of 5 and 6 years respectively.