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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?

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Answer:

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

Step-by-step explanation:

Given that:

Amount invested by Kayla = $500

Amount returned = 110%

Amount returned = [tex]\frac{110}{100}*500[/tex]

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.

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