RBC Assessment: Numerical Reasoning 5

Question 1

A client invests $6,000 at 6% compounded annually. What is the value after 2 years?

Accepted Answer

$6,741.60

Answer

Value = $6,000 × (1.06)² = $6,000 × 1.1236 = $6,741.60.

Question 2

A scatter plot shows that for every $1,000 increase in income, savings increase by $150. If a client earns $65,000 and the base savings at $50,000 income is $2,000, what are their estimated savings?

Accepted Answer

$4,250

Answer

Income increase = $15,000; additional savings = 15 × $150 = $2,250; total = $2,000 + $2,250 = $4,250.

Question 3

Total assets are $1.8M and total liabilities are $1.2M. What is the debt-to-equity ratio?

Accepted Answer

2.0

Answer

Equity = Assets − Liabilities = $0.6M; Debt-to-Equity = $1.2M / $0.6M = 2.0.

Question 4

A branch's revenue decreased from $4.5M to $3.87M. What is the percentage decrease, rounded to the nearest whole number?

Accepted Answer

14%

Answer

Decrease = (4.5 − 3.87) / 4.5 × 100 = 0.63 / 4.5 × 100 = 14%.

Question 5

A table shows account balances across 4 product types with averages: Chequing=$2,100, Savings=$8,400, TFSA=$15,600, RRSP=$42,000. If a client holds all four, what is the combined average balance?

Accepted Answer

$17,025

Answer

Combined average = (2,100 + 8,400 + 15,600 + 42,000) / 4 = 68,100 / 4 = $17,025.

RBC - Online Assessment Practice Test

RBC - Online Assessment Practice Test

RBC Assessment: Numerical Reasoning 5