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 $30,000? Answers:
A) $38,796.
B) $40,000.
C) $38,976.
D) $29,232.
E) $36,796.
30,000 *1.16*.84=29,232   Answer $29,232.
<result>D</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 $30,000?