last year a certain bond price with a face value of 5000 yielded 8 % of its face value in interest . if that interest was approx 6.5 of the bond ' s selling price approx what was the bond ' s selling price ?
"interest = 0.08 * 5000 = 0.065 * selling price - - > selling price = 0.08 * 5000 / 0.065 - - > selling price = ~ 6,154 answer : e ."
divide(multiply(5000, divide(8, const_100)), divide(6.5, const_100))