Toby has a total investment of Rp. 200 billion today (year 5). During the last five years, the investment enjoyed a high rate of return. Although the value of the investment keeps growing, Toby never withdraw the money. The annual rate of return was 15% during last three years, and 20% per year before that. What was Tobys investment value five years ago?

Select one:

87.52 billion

91.32 billion

131.50 billion

80.38 billion