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Finance problem. Please andwer clearly and with steps. Thank you Assuming that the current Euro spot rate is 3.1909 TRY and the 90 days' forward

Finance problem. Please andwer clearly and with steps. Thank you

Assuming that the current Euro spot rate is 3.1909 TRY and the 90 days' forward rate is 3.4029 TRY. The annual interest rate on euro in Europe 1.02% and the annual interest rate on Turkish Lira in Turkey is 7.15%. How an arbitrager can profit on the discrepancy in rates based on a 1000 TRY transaction and 90 days horizon (assuming borrowing rate = lending rate and no bid-ask spread on the spot and forward)

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