Hilary and Larissa Make Up the Auto Insurance Market

Hilary and Larissa make up the auto insurance market. Hilary has a 10% probability of having an accident this year, while Larissa has a 5% probability of having an accident. What is the probability that Hilary and Larissa will both have accidents this year?

A) 0.15%
B) 0.75%
C) 0.005%
D) 0.5%