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Natalija [7]
4 years ago
12

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?
Mathematics
1 answer:
tresset_1 [31]4 years ago
4 0
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

And so therefore your answer is 7.5
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Step-by-step explanation:

Let assume that Suppose the chance of contracting malaria is 10% for those who are not vaccinated ;   (since the value) is not given.

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Probability of not getting malaria if vaccinated or no vaccinated = 1 - 0.1 = 0.9

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No Vaccine     200 * 0.1 = 20   200 * 0.9 = 180        300-100 = 200

Total                 20 + 10 = 30       90 + 180 = 270                       300

If the vaccine cuts the risk by half, risk of malaria for vaccinated are equal to 0.1/2 = 0.05

Probability of not getting malaria if vaccinated = 1 - 0.05 = 0.95

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Total                 20 + 5 = 25       90 + 180 = 275                         300

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