Identify Given Data

Note down the principal amount $P = \text{₹}8,000$, annual interest rate $R = 6\%$, and the time duration from 12th March 2024 to 20th May 2024.

$P = \text{₹}8,000, \quad R = 6\%\text{ p.a.}$

Calculate Time Period in Years

Count the number of days between 12th March and 20th May, which totals 73 days. Convert this into years: $T = \frac{73}{365} = \frac{1}{5} \text{ years}$.

$T = \frac{73}{365} = \frac{1}{5}$

Apply Simple Interest Formula

Substitute the values of $P$, $R$, and $T$ into the simple interest formula: $SI = \frac{P \times R \times T}{100}$.

$SI = \frac{8000 \times 6 \times \frac{1}{5}}{100}$

Compute Final Value

Simplify the expression to find the final interest amount: $SI = \frac{8000 \times 6}{100 \times 5} = \frac{480}{5} = 96$.

$SI = \text{₹}96$