The value of an article which was purchased 2 years ago, depreciates at 12 % per annum. If its present value is Rs 9680, the price at which it was purchased is Mcqs

The value of an article which was purchased 2 years ago, depreciates at 12 % per annum. If its present value is Rs 9680, the price at which it was purchased is

(A) rs 10000

(B) rs 12500

(C) rs 14575

(D) rs 16250

Source: This question is taken from the Junior Clerk Board of Revenue, Punjab-2023 43j2022