Last year a certain bond yielded 12 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? Select the correct option.
A) $6,000 B) $6,750 C) $7,425 D) $2,500 E) $9,375
Interest = 0.12*face value = 0.04*7,500 --&gt; face value = 0.04*7,500/0.12 = 2,500.   Answer: $2,500.
<result>D</result>
Last year a certain bond yielded 12 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?