The power efficiency \( \eta \) of an AM scheme is given by the formula:
\[
\eta = \frac{m^2}{1 + m^2}
\]
where \( m \) is the modulation index. Given \( m = 0.6 \), we substitute into the formula:
\[
\eta = \frac{(0.6)^2}{1 + (0.6)^2} = \frac{0.36}{1.36} \approx 0.2647
\]
Multiplying by 100 to convert to percentage:
\[
\eta \approx 26.5%
\]
Thus, the power efficiency of the AM scheme is \( 26.5 % \).