The efficiency (\( \eta \)) of a Carnot engine is determined solely by the temperatures of the hot and cold reservoirs:
\[
\eta = 1 - \frac{T_C}{T_H}
\]
where \( T_H \) is the absolute temperature of the hot source and \( T_C \) is the absolute temperature of the cold sink.
Given:
Temperature of the hot source, \( T_H = 500 \) K
Temperature of the cold sink, \( T_C = 300 \) K
Substitute these values into the formula:
\[
\eta = 1 - \frac{300 \, \text{K}}{500 \, \text{K}} = 1 - 0.6 = 0.4
\]
The efficiency of the Carnot engine is 0.4. Rounded off to one decimal place, the answer remains 0.4.