Capital One Assessment Test Capital One Numerical 4

Question 1

A risk table shows: low-risk loans yield 4% return and represent 60% of the portfolio; high-risk loans yield 9% and represent 40%. What is the weighted average return?

Accepted Answer

6.0%

Answer

Weighted return = (0.60 × 4%) + (0.40 × 9%) = 2.4% + 3.6% = 6.0%.

Question 2

If 3 analysts can review 180 applications in 5 days, how many applications can 5 analysts review in 4 days?

Accepted Answer

240

Answer

Rate per analyst per day = 180 / (3 × 5) = 12; 5 analysts × 4 days × 12 = 240.

Question 3

A customer owes $6,500 on a card at 24% APR, compounded monthly. What is the monthly periodic rate?

Accepted Answer

2.0%

Answer

Monthly rate = 24% ÷ 12 = 2.0% per month.

Question 4

Revenue data: Product A=$340,000 (45%), Product B=$?. If the combined revenue for A and B is $755,556, what is Product B's revenue?

Accepted Answer

$415,556

Answer

Total = $340,000 / 0.45 = $755,556; Product B = $755,556 − $340,000 = $415,556.

Question 5

A bank account earns 4.8% annual interest compounded monthly. What is the monthly interest rate?

Accepted Answer

0.4%

Answer

Monthly rate = 4.8% ÷ 12 = 0.4% per month.

Capital One Assessment Test Practice Test

Capital One Assessment Test Practice Test

Capital One Assessment Test Capital One Numerical 4