Huzzah! I have figured it out!
First one must solve for the velocity in the y direction by doing v=d/t which is 1.2m/1.5s and this equals to 0.8m/s.
Now since you have the velocity you can now solve for the acceleration.
We use this equation:
y = Yi + Yvit + 1/2at^2
Solving for acceleration we get: 1.06667 m/s^2
Now since we have the acceleration one can now solve for the mass using
F = ma
75N = m(1.06667)
m= 70.3 kg
Now since we have the mass we can solve for force of tension using this
Fnet = Ft - Fg
we use this because we have to do Ft - Fg because Ft is bigger than Fg obviously because if it wasn't then gravity would pull it down but this is not the case since it is moving up.
Anyways, since Fnet = ma we will solve for Ft (the force of tension or simply put tension) because this is what the question asks us to do !
Anyways now we can rearrange that formula and turn it into this to solve for tension because we are looking for it:
Ft = Fnet + Fg
which equals:
Ft = ma + mg
Ft = 70.3kg(1.06667) + (70.3kg)(9.81)
Ft = 764 N
The force of tension is 764N.
Thanks for all the help and information everyone! It was sooo useful!