Last year a certain bond yielded 15 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? Options:
A) $2,000 B) $6,750 C) $7,425 D) $7,500 E) $9,375
Interest = 0.15*face value = 0.04*7,500 --&gt; face value = 0.04*7,500/0.15 = 2,000.   $2,000nswer: $2,000.
<result>A</result>
Last year a certain bond yielded 15 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?