RBC Assessment: Numerical Reasoning 4

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?

Accepted Answer

$11,500

Answer

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?

Accepted Answer

12.5%

Answer

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?

Accepted Answer

1/5

Answer

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?

Accepted Answer

$1,333

Answer

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?

Accepted Answer

$500,000

Answer

Total = $90,000 / 0.18 = $500,000.

RBC - Online Assessment Practice Test

RBC - Online Assessment Practice Test

RBC Assessment: Numerical Reasoning 4