The side length of the square loop is given as $5.0 \, \text{cm}$, which is equal to $5.0 \times 10^{-2} \, \text{m}$. The current passing through the loop is given as $500 \, \text{mA}$, which is equal to $500 \times 10^{-3} \, \text{A}$ or $0.5 \, \text{A}$.
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