Explanation:

To calculate the simple interest:

- Formula: Simple Interest = (Principal × Rate × Time) / 100

- Given:

- Principal (P) = Rs24,000

- Rate (R) = 5% per annum

- Time (T) = 4 years

- Calculation:

$$

\text{Simple Interest} = \frac{24,000 \times 5 \times 4}{100} = Rs4,800

$$

- Options:

1. Rs4,800 (Correct answer)

2. Rs3,600

3. Rs5,600

4. Rs5,000

The correct answer is Option 1: Rs4,800.

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