A person borrowed an amount of money for a year at an interest rate of 12%. If the total interest is $1500, what was the original borrowed amount? Think carefully first, then make a decision:
User
Let X be the price of the borrowed amount. The interest is X * .12 = $1500. So the borrowed amount is X = $1500 / .12 = $12500. So, the answer is 12500.
Assistant