RBC Assessment: Numerical Reasoning 4 — Questions and Answers
Question 1: A line graph shows monthly deposits: Jan=$12,000, Feb=$9,500, Mar=$11,000, Apr=$13,500. What is the median monthly deposit?
- $11,000
- $11,500 (Correct answer)
- $12,000
- $10,750
Correct answer: $11,500
Sorted: $9,500, $11,000, $12,000, $13,500; median = average of middle two = ($11,000 + $12,000)/2 = $11,500.
Question 2: RBC's quarterly profit increased from $3.6B to $4.05B. What percentage increase does this represent?
- 10.5%
- 12.5% (Correct answer)
- 11%
- 12%
Correct answer: 12.5%
Increase = (4.05 − 3.6) / 3.6 × 100 = 0.45 / 3.6 × 100 = 12.5%.
Question 3: Three advisors manage portfolios worth $2M, $3M, and $5M. What fraction of the total does the smallest portfolio represent?
- 1/4
- 1/5 (Correct answer)
- 2/7
- 1/3
Correct answer: 1/5
Total = $10M; fraction = $2M / $10M = 1/5.
Question 4: A mortgage of $320,000 at 5% annual rate has monthly payments of $1,717. How much of the first month's payment goes toward interest?
- $1,333 (Correct answer)
- $1,417
- $1,600
- $1,280
Correct answer: $1,333
Monthly interest = $320,000 × (5%/12) = $320,000 × 0.004167 ≈ $1,333.
Question 5: A stacked bar chart shows expenses: Salaries 45%, Technology 20%, Marketing 18%, Other 17%. If marketing budget is $90,000, what is the total expense budget?
- $450,000
- $500,000 (Correct answer)
- $540,000
- $480,000
Correct answer: $500,000
Total = $90,000 / 0.18 = $500,000.
Question 6: An analyst forecasts that revenue will grow 8% per year for 2 years from a base of $50M. What is the projected revenue after 2 years?
- $58.0M
- $58.3M
- $58.32M (Correct answer)
- $57.6M
Correct answer: $58.32M
Year 1: $50M × 1.08 = $54M; Year 2: $54M × 1.08 = $58.32M.
Question 7: A data table shows 5 branches with transaction volumes: 450, 620, 380, 510, 540. What is the range of transaction volumes?
- 160
- 200
- 240 (Correct answer)
- 180
Correct answer: 240
Range = Maximum − Minimum = 620 − 380 = 240.
RBC Assessment: Numerical Reasoning 4
A line graph shows monthly deposits: Jan=$12,000, Feb=$9,500, Mar=$11,000, Apr=$13,500.
What is the median monthly deposit?