A person borrows a sum of ₹ 50,000 for 3 years at 4% p.a. simple interest. He immediately lends it to another person at \(6\frac{1}{4}\%\) p.a. simple interest for 3 years. Find his gain in the transaction per year.
1
₹ 1,125
2
₹ 1,135
3
₹ 1,122
4
₹ 1,025