The market value of a certain machine decreased by 15 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later?  Choose the correct choice from the following:  A) $8,000  B) $5,600  C) $3,200  D) $4,400  E) $800
B.   Market value in 1982= $ 8000   Market value in 1983 = $ 8000- ($ 8000 x 15/100) = 8000-1200= 
<gadget id="calculator">8000-1200</gadget>
<output>6_800</output>
$ 6800   Market value in 1984= Market value in 1983 - (15 % of $8000)= 6800-1200= 
<gadget id="calculator">6800-1200</gadget>
<output>5_600</output>
$5600
<result>B</result>
The market value of a certain machine decreased by 15 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later?