Final answer:
The simple interest on Rs 5000 at a rate of 6% per annum for 4 years is Rs 1200.
Step-by-step explanation:
To find the simple interest for Rs 5000 for 4 years at the rate of interest of 6% per annum, we need to use the simple interest formula, which is:
Interest = Principal × rate × time
Here, the principal is Rs 5000, the rate is 6% (or 0.06 as a decimal), and the time is 4 years.
Interest = Rs 5000 × 0.06 × 4
To calculate:
Interest = 5000 × 0.06 × 4 = Rs 300 × 4 = Rs 1200
The total simple interest earned over 4 years will be Rs 1200.