Alex pays A for rent and then it was increased by 50%. The new rent was also increased by another 50%. What is the percentage increase of the old rent A to Alex current rent?
Let us assume the initial rent is $100.
then it was increased by 50%: 50% of $100 = $50 So new rent is 100 + 50 = $150
The new rent was also increased by another 50%: 50% of $150 = $75 Current rent = 150 + 75 = $225
What is the percentage increase of the old rent A to Alex current rent: = (difference between current rent and old rent) ÷ old rent = ((225-100) ÷ 100) x 100% = (125 ÷ 100) x 100% = 125%
Alex pays A for rent and then it was increased by 50%. The new rent was also increased by another 50%. What is the percentage increase of the old rent A to Alex current rent?
Let us assume the initial rent is $100.
then it was increased by 50%: 50% of $100 = $50 So new rent is 100 + 50 = $150
The new rent was also increased by another 50%: 50% of $150 = $75 Current rent = 150 + 75 = $225
What is the percentage increase of the old rent A to Alex current rent: = (difference between current rent and old rent) ÷ old rent = ((225-100) ÷ 100) x 100% = (125 ÷ 100) x 100% = 125%
Answer: 125%
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Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
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