Find the simple interest on $10000 at 7% per annum for 12 months?
Choose one
A) $ 410 B) $ 500 C) $ 650 D) $ 700 E) $ 1000

Rationale: "p = $ 10000 r = 7 % t = 12 / 12 years = 1 year s . i . = p * r * t / 100 = 10000 * 7 * 1 / 100 = $ 700 answer is d"
Answer: D