Orange Ltd opened a bank account 10 years ago with a principal amount of R2 000. The bank pays annual compound interest on the account. Today, the account has balance of R3 500. If the same interest rate is offered on an account paying simple interest, the interest rate is The value of the simple interest earned is The value of the compound interest earned is The additional interest earned over the same time period due to the bank paying compound interest rather than simple interest Note: Round off to the nearest whole number and do not include symbols in your answer i.e input 9 and not 9,13 or 9% 3334

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