The apartment on King-Williams street is an asset that its value is tramping about. From the year 1973 to 1983 it's value decreased by 16% and from 1983 to 1993 it's value increased by 16%. What is the value of the asset in 1993 if in 1973 it was worth $40,000?
Pick
A) $38,796.
B) $40,000
C) $38,976.
D) $39,679
E) $36,796.
Value in 1973 = 40000   Value in 1983 = 0.84*40000= 
<gadget id="calculator">0.84*40000</gadget>
<output>33_600</output>
33600   Value in 1993= 1.16*33600= 
<gadget id="calculator">1.16*33600</gadget>
<output>38_976</output>
$38976   $38,976.orrect Option: $38,976.
<result>C</result>
The apartment on King-Williams street is an asset that its value is tramping about. From the year 1973 to 1983 it's value decreased by 16% and from 1983 to 1993 it's value increased by 16%. What is the value of the asset in 1993 if in 1973 it was worth $40,000?