Henry VIII started the process of creating the Church of England after his split with the Pope in the 1530s. Henry was anxious to ensure a male heir after his first wife, Catherine of Aragon, had borne him only a daughter.
The value of a machine depreciates at the rate of 20% per annum. If its present value is Rs 96000, then what was the value (in Rs) of the machine 2 years ago?