The three volumes of a book sit in chronical order on a shelf. Each is 1¼ inches thick, comprising an inch of pages and ⅛ inch for each cover. A bookworm bores from page 1, volume I, to the last page of volume III. How far does it travel?
Ok see the first diagram in the attached picture, do you agree? Putting a book on the shelf, the first page will be on your right and the last page on your left. Good!
Now the books were arranged in chronological order (second diagram). The bookworm bores from page 1 of volume I to last page of volume III. You will agree with me that the last page of Volume III will be the first page the bookworm encounters in Volume III (remember last page is on the left and first page is on the right).
So what we are to find is X (from the second diagram).
X becomes: = One cover of Volume I + whole book of Volume II + one cover of Volume III = ⅛ inches + 1¼ inches + ⅛ inches = 1½ inches
Answer: 1½ inches
Pardon the freehand diagram, I am not a graphic designer🙈
The three volumes of a book sit in chronical order on a shelf. Each is 1¼ inches thick, comprising an inch of pages and ⅛ inch for each cover. A bookworm bores from page 1, volume I, to the last page of volume III. How far does it travel?
Ok see the first diagram in the attached picture, do you agree? Putting a book on the shelf, the first page will be on your right and the last page on your left. Good!
Now the books were arranged in chronological order (second diagram). The bookworm bores from page 1 of volume I to last page of volume III. You will agree with me that the last page of Volume III will be the first page the bookworm encounters in Volume III (remember last page is on the left and first page is on the right).
So what we are to find is X (from the second diagram).
X becomes: = One cover of Volume I + whole book of Volume II + one cover of Volume III = ⅛ inches + 1¼ inches + ⅛ inches = 1½ inches
Answer: 1½ inches
Pardon the freehand diagram, I am not a graphic designer🙈
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%.
A Telegram spokesman declined to comment on the bond issue or the amount of the debt the company has due. The spokesman said Telegram’s equipment and bandwidth costs are growing because it has consistently posted more than 40% year-to-year growth in users.
