Find the simple interest on $10000 at 5% per annum for 12 months? Choose the correct choice from the following answers
A) $410  B) $500  C) $650  D) $710  E) $1000
P = $10000   R = 5%   T = 12/12= 
<gadget id="calculator">12/12</gadget>
<output>1</output>
1 YEAR   S.I.= P*R*T/100 = 10000*5*1/100= 
<gadget id="calculator">10000*5*1/100</gadget>
<output>500</output>
$500   Answer is $500
<result>B</result>
Find the simple interest on $10000 at 5% per annum for 12 months?