The valuation of a house depreciates at the rate of 10% in a year, compared to its value at the beginning of that year. If the current value of the house is ₹40,00,000, then what will be the value of house after three years?

A

₹29,16,000

B

₹28,00,000

C

₹29,06,000

D

₹29,26,000