BMO BMO Numerical Reasoning & Data Interpretation

Question 1

A BMO customer has a savings account balance of $12,500 earning 2.4% annual interest. How much simple interest will the account earn in one year?

Accepted Answer

$300

Answer

$240

Answer

$280

Answer

$320

Question 2

A loan officer reviews an applicant's finances: monthly gross income is $6,000, and total monthly debt payments are $1,800. What is the applicant's debt-to-income (DTI) ratio?

Accepted Answer

30%

Answer

25%

Answer

35%

Answer

40%

Question 3

A BMO branch processed the following transactions in one week: deposits of $45,200, withdrawals of $31,750, and fee collections of $850. What is the net cash change for the branch that week?

Accepted Answer

$14,300

Answer

$13,450

Answer

$15,100

Answer

$12,600

Question 4

A customer invests $5,000 in a 12-month CD at a 3.6% annual percentage yield. Approximately how much will the CD be worth at maturity?

Accepted Answer

$5,180

Answer

$5,150

Answer

$5,200

Answer

$5,360

Question 5

A banker reviews a table showing Q1 loan originations: Mortgages $2.1M, Auto Loans $850K, Personal Loans $430K, Business Loans $620K. What percentage of total originations were mortgages?

Accepted Answer

52.3%

Answer

49.5%

Answer

46.8%

Answer

54.1%

Question 6

A BMO branch's monthly revenue target is $180,000. By mid-month, it has achieved $99,000. What percentage of the target has been reached?

Accepted Answer

55%

Answer

50%

Answer

58%

Answer

62%