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Last year a certain bond yielded 5 percent of its face value

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Director
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Last year a certain bond yielded 5 percent of its face value  [#permalink]

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New post Updated on: 11 Apr 2012, 02:57
2
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

93% (01:20) correct 7% (01:38) wrong based on 91 sessions

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Last year a certain bond yielded 5 percent of its face value in interest. If that interest was approximately 4 percent of the bond’s selling price of $7,500, what is the bond’s face value?

(A) $6,000
(B) $6,750
(C) $7,425
(D) $7,500
(E) $9,375

Originally posted by rxs0005 on 31 Jan 2011, 11:04.
Last edited by Bunuel on 11 Apr 2012, 02:57, edited 1 time in total.
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Re: Another percent problem  [#permalink]

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New post 31 Jan 2011, 11:09
Intern
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Re: Last year a certain bond yielded 5 percent of its face value  [#permalink]

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New post 14 Nov 2019, 02:43
Given : 4% of Selling Price = 5 % interest on Face value of Bond
To Find : Face value of the Bond. Let's say X

\(\frac{4 * 7500}{100} = \frac{5 * X}{100}
\)

\(\frac{4 * 7500}{5} = X\)

X = 6,000

OPTION : A
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Re: Last year a certain bond yielded 5 percent of its face value   [#permalink] 14 Nov 2019, 02:43
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Last year a certain bond yielded 5 percent of its face value

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