The market value of a certain machine decreased by 10 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) $ 6,400  E) $ 800

Rationale: d market value in 1982 = $ 8000 market value in 1983 = $ 8000 - ( $ 8000 x 10 / 100 ) = 8000 - 800 = $ 7200 market value in 1984 = market value in 1983 - ( 10 % of $ 8000 ) = 7200 - 800 = $ 6400
Answer: D