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?
Let X be the price of the borrowed amount.
The interest is X*.12 = $1500.
So the borrowed amount is X = $1500/.12 = $
<gadget id="calculator">1500/.12</gadget>
<output>12_500</output>
12500.

<result>12_500</result>