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

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Director
Joined: 07 Jun 2004
Posts: 552
Location: PA
Last year a certain bond yielded 5 percent of its face value  [#permalink]

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Updated on: 11 Apr 2012, 02:57
2
00:00

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.
Edited the question
Math Expert
Joined: 02 Sep 2009
Posts: 59730

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31 Jan 2011, 11:09
rxs0005 wrote:
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

Interest = 0.05*face value = 0.04*7,500 --> face value = 0.04*7,500/0.05 = 6,000.

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Joined: 26 Jun 2017
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Re: Last year a certain bond yielded 5 percent of its face value  [#permalink]

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