Let Mr. Amal's principal be \(x\) rupees. The interest rate decreases by (4% − \(3\frac{3}{4}\)%) = \(\cfrac{1}{4}\)% \(\therefore\) According to the question, \(\cfrac{x \times 1 \times \cfrac{1}{4}}{100} = 60\) i.e., \(x = 60 \times 100 \times 4 = 24000\) \(\therefore\) Mr. Amal's principal is ₹24,000.