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 $50,000?  Choose the correct answer:
A) $38,796. B) $48,720. C) $38,976. D) $39,679. E) $36,796.
50,000 *1.16*.84=48,720   Answer $48,720.
<result>B</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 $50,000?