Last year a certain bond yielded \(5\) percent of its face value in interest. If that interest was approximately \(4\)

[Gmat_mission]

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) \(\$9,375\)

Answer: A

Source: GMAT Prep