Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
Select the richest guy: A: A guy with USD5,000,000 B: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
At the end of 30 days, guy A will still have USD5,000,000 but guy B will have Day 1 - $0.02 Day 2 - $0.04 Day 3 - $0.08 Day 4 - $0.16 Day 5 - $0.32 Day 6 - $0.64 Day 7 - $1.28 Day 8 - $2.56 Day 9 - $5.12 Day 10 - $10.24 Day 11 - $20.48 Day 12 - $40.96 Day 13 - $81.92 Day 14 - $163.84 Day 15 - $327.68 Day 16 - $655.36 Day 17 - $1,310.72 Day 18 - $2,621.44 Day 19 - $5,242.88 Day 20 - $10,485.76 Day 21 - $20,971.52 Day 22 - $41,943.04 Day 23 - $83,886.08 Day 24 - $167,772.16 Day 25 - $335,544.32 Day 26 - $671,088.64 Day 27 - $1,342,177.28 Day 28 - $2,684,354.56 Day 29 - $5,368,709.12 Day 30 - $10,737,418.24
Guy B will have a whopping USD10,737,418.24
Answer: A guy that has just 1 cent but it will be doubled everyday for ONLY 30 days.
BY Riddles Repository - Answers
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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%.
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
