We determine the relevant spinor valued wave functions for a two-dimensional quantum ring in the presence of Rashba-type spin-orbit interaction (SOI). The case of constant SOI strength is considered first, then we investigate the physical consequences of time-dependent (oscillating) SOI strength. Floquet's method is applied to find time-dependent eigenspinors, and it is shown that the Floquet quasienergies and thus their differences (the generalized Rabi frequencies) are determined by the radial boundary conditions. Time evolution of various initial states is calculated.