The market value of a certain machine
decreased by 30 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?
(A) $8,000
(B) $5,600
(C) $3,200
(D) $2,400
(E) $800
I have doubt in the answer choices. I think the answer should be 3920$ but it says 3200$. I am not sure where i miss the "catch"
decreased by 30 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?
(A) $8,000
(B) $5,600
(C) $3,200
(D) $2,400
(E) $800
I have doubt in the answer choices. I think the answer should be 3920$ but it says 3200$. I am not sure where i miss the "catch"
