If the simple interest on a certain sum of money at the rate of \(6\frac{2 }{3}\)% p.a. for 4 years is Rs. 4400 less than its principal, then the principal is:

1600 6000 4400 4800

6000

\(\frac{P\;×\;20\;×\;4}{3\;×\;100}\) = P - 4400 ⇒ \(\frac{11P}{15}\) = 4400 ⇒ P = 6000