Quantitative Aptitude Percentage

A new scooter is valued at ₹1,20,000. At the end of each year, its value is reduced by 12% of its value at the start of the year. What will be its value (in ₹) after 2 years? 

1
1,50,528
2
1,00,875
3
96,450
4
92,928

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