BMO BMO Numerical Reasoning & Data Interpretation 2

Question 1

A customer's account statement shows a beginning balance of $3,200, deposits totaling $4,750, and withdrawals totaling $5,100. What is the ending balance?

Accepted Answer

$2,850

Answer

Ending balance = Beginning balance + Deposits − Withdrawals = $3,200 + $4,750 − $5,100 = $2,850.

Question 2

A BMO personal loan of $15,000 is offered at 7.2% annual interest over 36 months. Using simple interest, what is the total amount of interest paid over the loan term?

Accepted Answer

$3,240

Answer

Total simple interest = Principal × Rate × Time = $15,000 × 0.072 × 3 = $3,240.

Question 3

A data table shows a BMO branch's new account openings over four weeks: Week 1: 48, Week 2: 55, Week 3: 43, Week 4: 62. What is the average number of new accounts opened per week?

Accepted Answer

52

Answer

Average = (48 + 55 + 43 + 62) ÷ 4 = 208 ÷ 4 = 52.

Question 4

A BMO customer's credit card has a $8,500 balance with a 19.99% annual percentage rate (APR). Approximately how much interest accrues in one month?

Accepted Answer

$141.59

Answer

Monthly interest = $8,500 × (0.1999 ÷ 12) = $8,500 × 0.016658 ≈ $141.59.

Question 5

A chart shows BMO branch satisfaction scores over 5 months: Jan 82%, Feb 85%, Mar 79%, Apr 88%, May 91%. What is the range of satisfaction scores shown?

Accepted Answer

12%

Answer

Range = Maximum score − Minimum score = 91% − 79% = 12%.

(BMO) Bank of Montreal Assessment Practice Test

(BMO) Bank of Montreal Assessment Practice Test

BMO BMO Numerical Reasoning & Data Interpretation 2