Vincent borrowed $500 from mitchell for six months. how much interest will mitchell earn if he charges vincent a simple interest rate of 3 percent? simple interest = p × r × t

Principal P = $500,  Rate = 3 % = 3/100 = 0.03  would assume per year,

Time t = 6 months = (6/12) year = 0.5 year.

Simple Interest, I = P*r*t

                            = 500*0.03*0.5 = 7.5

Simple interest = $7.50

2 over 5

step-by-step explanation:

the 2: 3 ratio is the length of the ac segment to the cb segment total length. this implies that the ratio between segment ac length and segment ab length is 2: 5. point c is 2/5 from a to b, so the required fraction is 2/5.