Question

Kayla invests $500 in a local business. She later gets paid 110% of what she originally invested. How much money was she paid? How much money did she make?

Answer 1

She was paid $550 and made a profit of $50.

Explanation:

Given that:

Amount invested by Kayla = $500

Amount returned = 110%

Amount returned =
`(110)/(100)*500`

Amount returned = 1.1 * 500

Amount returned = $550

Profit made by Kayla = 550 - 500

Profit made by Kayla = $50

Hence,

She was paid $550 and made a profit of $50.