Question: consider a Khas based financial instution run by Smart Guy. Smart Guy collects 50tl each,from 200 students , promising to pay back everyone on demand
consider a "Khas based financial instution run by Smart Guy". Smart Guy collects 50tl each,from 200 students , promising to pay back everyone on demand plus 10% interest. Smart Guy turns around and makes 4 one year loans of 2500TL each. Each loan is charged 20% interest. Supposing everything goes smoothly for one year,what will be smarts guys profit?
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