Capital One Assessment Test Capital One Numerical 2

Question 1

A credit card balance of $3,840 is subject to an 18% annual interest rate. What is the monthly interest charge?

Accepted Answer

$57.60

Answer

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?

Accepted Answer

30%

Answer

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?

Accepted Answer

$4,170

Answer

$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?

Accepted Answer

$15.0M

Answer

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?

Accepted Answer

$220,000

Answer

Cut = $250,000 × 0.12 = $30,000; new budget = $250,000 − $30,000 = $220,000.

Capital One Assessment Test Practice Test