Mr. A borrows Rs. 75,000 for 2 years at 3% per annum simple interest. He immediately lends it to Mr. B at 5.5% p.a. for 2 years at simple interest. How much did Mr. A gain in the transaction?
1
Rs. 3700
2
Rs. 3750
3
Rs. 3780
4
Rs. 3760
5
None of these