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Answer to Q127

If the sum of money is divided among ‘n’ children, each child will receive $60. If another child is added to the group and the amount is distributed again each child will receive $50. What is the sum of money to be distributed?

Let the money be = Y

If the sum of money is divided among ‘n’ children, each child will receive $60

Y ÷ n = 60
Y = 60n (eqn 1)

If another child is added to the group and the amount is distributed again each child will receive $50

Y ÷ (n+1) = 50
Y = 50 * (n+1)
Y = 50n + 50 (eqn 2)

putting (eqn 1) into (eqn 2)
60n = 50n + 50
60n - 50n = 50
10n = 50
n = 50 ÷ 10
n = 5

Remember "n" is the number of children, but the question says What is the sum of money to be distributed?. So what will are looking for is Y, not "n".

From (eqn 1)
Y = 60n
Y = 60 * 5
Y = 300

Answer: $300



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Answer to Q127

If the sum of money is divided among ‘n’ children, each child will receive $60. If another child is added to the group and the amount is distributed again each child will receive $50. What is the sum of money to be distributed?

Let the money be = Y

If the sum of money is divided among ‘n’ children, each child will receive $60

Y ÷ n = 60
Y = 60n (eqn 1)

If another child is added to the group and the amount is distributed again each child will receive $50

Y ÷ (n+1) = 50
Y = 50 * (n+1)
Y = 50n + 50 (eqn 2)

putting (eqn 1) into (eqn 2)
60n = 50n + 50
60n - 50n = 50
10n = 50
n = 50 ÷ 10
n = 5

Remember "n" is the number of children, but the question says What is the sum of money to be distributed?. So what will are looking for is Y, not "n".

From (eqn 1)
Y = 60n
Y = 60 * 5
Y = 300

Answer: $300

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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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