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 $8,500, what is the bonds face value?	Choose the correct choice from the following answers
A) $6,000 B) $6,800 C) $7,425 D) $7,500 E) $9,375
Interest = 0.05*face value = 0.04*8,500 --&gt; face value = 0.04*8,500/0.05 = 6,800.   Answer: $6,800.
<result>B</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 $8,500, what is the bonds face value?