The value of a fixed asset depreciates at the rate of 10% of the value at the beginning of each year. If the value of the asset, two years ago, was Rs. 12000 more than the value of the asset one year ago, then find the present value of the asset, given that the asset was bought two years ago.
a. `R s .145200`
b. `R s .17520`
c. `R s .96000`
d. `R s .97200`