Step 1: Recall slip formula
Slip ($s$) = $\frac{N_s - N_r}{N_s} \times 100$, where $N_s$ is synchronous speed, $N_r$ is rotor speed.
Given: $N_s = 1500$ RPM, $N_r = 1440$ RPM.
Step 2: Substitute values
$s = \frac{1500 - 1440}{1500} \times 100$.
Step 3: Calculate slip
$\Rightarrow s = \frac{60}{1500} \times 100 = 4%$.