If a certain sum of money borrowed at $5 \%$ per annum simple interest amounts to ₹ $1020$ in $4$ years,then the sum of money (in ₹) borrowed is:

  • A
    $850$
  • B
    $925$
  • C
    $750$
  • D
    None of these

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Sapna borrowed a certain sum of money from Kavita under the following repayment scheme based on simple interest: $8 \%$ $p.a.$ for the initial $2$ $years$,$9.5 \%$ $p.a.$ for the next $4$ $years$,$11 \%$ $p.a.$ for the next $2$ $years$,and $12 \%$ $p.a.$ after the first $8$ $years$. Find the total amount (in $Rs.$) which a sum of $Rs. 9000$ taken for $12$ $years$ becomes at the end of $12$ $years$.

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