Each time you save an Autodesk Inventor file, the previous version of the file is stored in an OldVersions folder under the folder containing the file.
You can specify how many versions of each file are stored in the OldVersions folder.
Once the specified number of saved versions is reached, subsequent saves eliminate the oldest version.
Old versions are formatted as follows:
You can open an older version of a file as a read-only file. Alternatively, you can restore an old version as the current version of the file. Before the restoration of an old version, the file is saved as the most recent version in the OldVersions folder.