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 $45,000?  Choose the correct choice from the following answers
A) $43,848.  B) $40,000.  C) $38,976.  D) $39,679.  E) $36,796.
45,000 *1.16*.84= 43,848   $43,848.nswer $43,848.
<result>A</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 $45,000?