A village businessman borrows 8,000 OMR annually from a government bank at 5% compound interest rate and he lends the money in small amounts to farmers in need at 7% simple interest rate. Assuming that in overall, 100% of the money is with farmers throughout the year and all the farmers settle down loans at the end of the year, determine the annual income of the money lender. What will be the profit if 15% of the money lend could not be collected from farmers