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 $9,000, what is the bonds face value? Choose the correct choice.
A) $6,000	B) $6,750	C) $7,425	D) $7,200	E) $9,375
Interest = 0.05*face value = 0.04*9,000 --&gt; face value = 0.04*9,000/0.05 = 7,200.   Answer: $7,200.
<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 $9,000, what is the bonds face value?