Capital One Assessment Test Capital One Numerical 2 — Questions and Answers
Question 1: A credit card balance of $3,840 is subject to an 18% annual interest rate. What is the monthly interest charge?
- $57.60 (Correct answer)
- $69.12
- $46.08
- $34.56
Correct answer: $57.60
Monthly interest = $3,840 × (18% ÷ 12) = $3,840 × 0.015 = $57.60.
Question 2: A bank's loan portfolio grew from $4.2 billion to $5.46 billion over two years. What is the total percentage increase?
- 25%
- 28%
- 30% (Correct answer)
- 22%
Correct answer: 30%
Increase = ($5.46B − $4.2B) / $4.2B = $1.26B / $4.2B = 0.30 = 30%.
Question 3: If a customer makes 12 equal monthly payments of $347.50 to pay off a loan, what is the total amount repaid?
- $4,170 (Correct answer)
- $4,050
- $4,260
- $3,960
Correct answer: $4,170
$347.50 × 12 = $4,170 total repaid.
Question 4: A chart shows quarterly revenues: Q1=$12.4M, Q2=$15.6M, Q3=$14.2M, Q4=$17.8M. What is the average quarterly revenue?
- $14.8M
- $15.0M (Correct answer)
- $14.5M
- $15.2M
Correct answer: $15.0M
Sum = $60.0M; average = $60.0M ÷ 4 = $15.0M.
Question 5: A department's budget was $250,000. After a 12% cut, what is the new budget?
- $220,000 (Correct answer)
- $225,000
- $230,000
- $215,000
Correct answer: $220,000
Cut = $250,000 × 0.12 = $30,000; new budget = $250,000 − $30,000 = $220,000.
Question 6: A table shows card transaction fees: domestic = 1.5%, international = 3.0%. A customer spends $2,200 domestically and $800 internationally. What are total fees?
- $57 (Correct answer)
- $54
- $60
- $48
Correct answer: $57
Domestic fees = $2,200 × 0.015 = $33; international = $800 × 0.03 = $24; total = $33 + $24 = $57.
Question 7: An investment of $5,000 earns simple interest at 6% per year. What is the total value after 3 years?
- $5,900 (Correct answer)
- $5,955
- $6,000
- $5,800
Correct answer: $5,900
Simple interest = $5,000 × 0.06 × 3 = $900; total = $5,000 + $900 = $5,900.
Capital One Assessment Test Capital One Numerical 2
A credit card balance of $3,840 is subject to an 18% annual interest rate.
What is the monthly interest charge?