Last year a certain bond yielded 5 percent of its face value in interest. If that interest was approximately 4 percent of the bonds selling price of $7,500, what is the bonds face value?
Choices:
A) $6,000  B) $6,750  C) $7,425  D) $7,500  E) $9,375
Interest = 0.05*face value = 0.04*7,500 --&gt; face value = 0.04*7,500/0.05 = 6,000.   $6,000nswer: $6,000.
<result>A</result>
Last year a certain bond yielded 5 percent of its face value in interest. If that interest was approximately 4 percent of the bonds selling price of $7,500, what is the bonds face value?