Sure thing, let's get straight to it. We start with 700 and we're going to multiply it by 12, which means adding 700 to itself 12 times.
Step 1: 0 + 700 = 700
Step 2: 700 + 700 = 1400
Step 3: 1400 + 700 = 2100
Step 4: 2100 + 700 = 2800
Step 5: 2800 + 700 = 3500
Step 6: 3500 + 700 = 4200
Step 7: 4200 + 700 = 4900
Step 8: 4900 + 700 = 5600
Step 9: 5600 + 700 = 6300
Step 10: 6300 + 700 = 7000
Step 11: 7000 + 700 = 7700
Step 12: 7700 + 700 = 8400

So, 700*12 = 8400