Find the simple interest on $10000 at 7% per annum for 12 months?	Choose the correct choice from the following options.
A) $410	B) $500	C) $650	D) $700	E) $1000
P = $10000   R = 7%   T = 12/12= 
<gadget id="calculator">12/12</gadget>
<output>1</output>
1 YEAR   S.I.= P*R*T/100 = 10000*7*1/100= 
<gadget id="calculator">10000*7*1/100</gadget>
<output>700</output>
$700   Answer is $700
<result>D</result>
Find the simple interest on $10000 at 7% per annum for 12 months?