Finastra Assessment Test Finastra Math Assessment 4

Question 1

A bank processes 1,440 transactions per day. On average, how many transactions occur per hour?

Accepted Answer

60

Answer

1,440 / 24 hours = 60 transactions per hour.

Question 2

An asset purchased for $50,000 depreciates at 10% straight-line over 5 years. What is its book value after 3 years?

Accepted Answer

$35,000

Answer

Annual depreciation = $5,000; after 3 years = 50,000 - (3 × 5,000) = $35,000.

Question 3

A fintech company's monthly active users grew from 240,000 to 312,000. By what percentage did users grow?

Accepted Answer

30%

Answer

Growth = (312,000 - 240,000) / 240,000 × 100 = 72,000 / 240,000 × 100 = 30%.

Question 4

A loan of $15,000 at 8% simple interest must be repaid in 18 months. What is the total repayment amount?

Accepted Answer

$16,800

Answer

Interest = 15,000 × 0.08 × 1.5 = $1,800; total repayment = $15,000 + $1,800 = $16,800.

Question 5

A portfolio contains stocks worth $60,000 and bonds worth $40,000. What percentage of the portfolio is in stocks?

Accepted Answer

60%

Answer

Stocks % = 60,000 / (60,000 + 40,000) × 100 = 60,000 / 100,000 × 100 = 60%.

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