Mathematics · Probability and Cost Benefit Analysis

A bank has an ethical training program for its 2000 employees. The cost of the program is 1000 rupees per employee per year. Without the training, the bank estimates that the probability of a major ethical violation causing a fine of 15 crore rupees is 5 percent per year. With the training, the probability of such a violation is expected to drop to 1 percent per year. Calculate the net financial benefit to the bank in one year from implementing this ethical training program.