a bank in bangladesh borrows $10 million u.s. dollars at a 2% interest rate from a united states bank. the bank converts the loan to bangladeshi taka at an exchange rate of 80 bangladeshi taka to each u.s. dollar, for a total of 800 million taka. the bank lends the money domestically at a 5% interest rate. after one year, the loan is repaid with interest domestically (in taka). however, the exchange rate is now 84 taka to each u.s. dollar. after converting all their taka back to usd, the bank repays their $10 million loan (with interest). what is the profit or loss to bangladeshi bank from this process?
