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?	Choose the most appropriate option:
A) $38,796.
B) $40,000.
C) $38,976.
D) $39,679.
E) $36,796.
40,000 *1.16*.84= Unit and tens digit of the expression is 6 and 7 respectively.   Only option $38,976. fulfills the condition and hence is the answer
<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?