Last year a certain bond yielded 6 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?
Choose the correct answer:
A) $5,000	B) $6,750	C) $7,425	D) $7,500	E) $9,375
Interest = 0.06*face value = 0.04*7,500 --&gt; face value = 0.04*7,500/0.06 = 5,000.   $5,000nswer: $5,000.
<result>A</result>
Last year a certain bond yielded 6 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?