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Extra Credit (2 pts): An account paying annual compound interest was opened with OMR 2,000 10 years ago. Today, the account balance is OMR 3.500.

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Extra Credit (2 pts): An account paying annual compound interest was opened with OMR 2,000 10 years ago. Today, the account balance is OMR 3.500. If the same interest rate is offered on an account paying simple interest, how much income would be earned over the same time period? a. OMR 576 b. OMR 862 c. OMR 1,719 d. OMR 1,500 e. OMR 1,152

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