RBC Assessment: Numerical Reasoning 2 — Questions and Answers
Question 1: A portfolio grew from $45,000 to $54,000 over one year. What was the percentage increase?
- 15%
- 20% (Correct answer)
- 18%
- 25%
Correct answer: 20%
Percentage increase = (54,000 − 45,000) / 45,000 × 100 = 9,000 / 45,000 × 100 = 20%.
Question 2: A bank branch processed 1,200 transactions in March and 1,050 in April. What is the ratio of April to March transactions in simplest form?
- 7:8 (Correct answer)
- 8:7
- 6:7
- 7:6
Correct answer: 7:8
1,050 : 1,200 simplifies by dividing both by 150, giving 7 : 8.
Question 3: If an investment yields 4.5% annual simple interest, how much interest does $8,000 earn in 3 years?
- $1,080 (Correct answer)
- $1,440
- $1,260
- $960
Correct answer: $1,080
Simple interest = Principal × Rate × Time = 8,000 × 0.045 × 3 = $1,080.
Question 4: A table shows quarterly revenues: Q1 = $2.4M, Q2 = $2.8M, Q3 = $3.1M, Q4 = $2.9M. What is the average quarterly revenue?
- $2.75M
- $2.80M (Correct answer)
- $2.85M
- $2.90M
Correct answer: $2.80M
Total = 2.4 + 2.8 + 3.1 + 2.9 = 11.2M; average = 11.2 / 4 = $2.80M.
Question 5: A loan of $15,000 is repaid in 36 equal monthly installments of $480. How much total interest is paid?
- $1,280
- $2,280 (Correct answer)
- $1,800
- $2,160
Correct answer: $2,280
Total repaid = 36 × $480 = $17,280; interest = $17,280 − $15,000 = $2,280.
Question 6: Sales data shows: Product A = 35%, Product B = 28%, Product C = 22%, Product D = 15% of $500,000 total. How much revenue did Product B generate?
- $130,000
- $140,000 (Correct answer)
- $110,000
- $175,000
Correct answer: $140,000
Product B revenue = 28% × $500,000 = 0.28 × 500,000 = $140,000.
Question 7: A currency exchange rate shows 1 USD = 1.35 CAD. How many USD would you receive for 810 CAD?
- $540
- $600 (Correct answer)
- $640
- $580
Correct answer: $600
USD = 810 / 1.35 = 600 USD.
RBC Assessment: Numerical Reasoning 2
A portfolio grew from $45,000 to $54,000 over one year.
What was the percentage increase?