Smita took a loan of Rs. 75,000 at a simple interest rate of 15% per annum. She lent that amount to her friend on the same day at the same rate of interest but compounded annually. How much profit will she make after 2 years?
1
Rs. 1,887.5
2
Rs. 1,867.5
3
Rs. 1,786.5
4
Rs. 1,687.5