Let X be the price of the borrowed amount.

The interest is X*.12 = $1500.

So the borrowed amount is X = $1500/.12 = $<<1500/.12=12500>>12500.

# Answer

12500
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
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?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
12500
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?
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