Consider the Following Scenario When Answering the Following Questions

Multiple Choice

Consider the following scenario when answering the following questions:
Your friend Jon is starting a new photography business that specializes in photographs of Central Park in New York City. Because his business is new and risky, he is unable to obtain a loan from the local bank. On June 21, 2017, you agree to pay a price of $4,000 for a bond from Jon. You will receive $5,000 in return on June 21, 2018.
-The interest rate of the bond mentioned in the scenario is equal to

A) 80 percent.
B) 20 percent.
C) 25 percent.
D) 10 percent.
E) 5 percent.