A person borrows Rs. 20000 at the rate of 6 percent per annum on simple interest for 3 years. He immediately lends it to another person at the rate of 8.5 percent per annum on simple interest for 3 years. What is the value of gain per year?

1
Rs. 1500
2
Rs. 500
3
Rs. 800
4
Rs. 200

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