We investigate the dynamics and pattern formation of two ring dark solitons in a two-dimensional binary Bose-Einstein condensate with tunable intercomponent interaction via numerical simulation of the time-dependent Gross-Pitaevskii equation. Both the black and gray ring dark solitons are considered for cases where the modulation frequency of the intercomponent interaction is resonant or nonresonant with the one of the trapping potential. Our results show that in the presence of periodic modulation of the intercomponent interaction not only are the lifetimes of the ring dark solitons largely extended but also their decaying dynamics are dramatically affected. Before snaking instability sets in, new ring dark solitons are formed, and both the numbers and depths of the ring dark solitons exhibit collective oscillations. With the development of instability, the system exhibits different decaying processes, and a variety of decay profiles, such as vortex necklace, distorted octagon, vortex-antivortex ring, and cross, are formed, showing a strong dependence on the modulation frequency of the intercomponent interaction and the initial depth of the ring dark soliton.