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 $9,500, what is the bonds face value?
Choose the most appropriate option
A) $6,000 B) $6,750 C) $7,425 D) $7,600 E) $9,375
Interest = 0.05*face value = 0.04*9,500 --&gt; face value = 0.04*9,500/0.05 = 7,600.   Answer: $7,600.
<result>D</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 $9,500, what is the bonds face value?