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 $8,000, what is the bonds face value?
Choose one.
A) $6,000 B) $6,750 C) $6,400 D) $7,500 E) $9,375
Interest = 0.05*face value = 0.04*8,000 --&gt; face value = 0.04*8,000/0.05 = 6,400.   Answer: $6,400.
<result>C</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 $8,000, what is the bonds face value?