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

equal to

step-by-step explanation:

answer: no

step-by-step explanation:

you are only given the cost not the amount of pounds.