Description
Grant Thornton Aptitude Test Past Questions and Answers 2022
Grant Thornton Aptitude Test Past Questions and Answers 2022. Have you been invited for an aptitude test at Grant Thornton Nigeria? practicing with Grant Thornton Nigeria past questions and answers is an excellent way to prepare, as some of the questions may be repeated in subsequent assessments. Get an updated copy of Grant Thornton Nigeria Job Aptitude Test Past Questions And Answers. This study material covers questions and answers compiled from Grant Thornton Nigeria Job’s previous year’s aptitude test.
The Grant Thornton Application Form
The first step in the Grant Thornton recruitment process is the completion of the application form. This is a fairly detailed form with a particular emphasis on the key competencies of Grant Thornton. You are asked for basic details about yourself and work history. In addition, you must provide written answers to competencies questions. You have a 500-word limit so make sure to write as clearly and concisely as possible. Showing your motivation for working at the company is highly important here. You can also include your CV and Cover letter in your application so make sure you use the opportunity to show off your best assets. If your application is successful you will move on to the next part of the Grant Thornton recruitment process.
Sample Grant Thornton Aptitude Test Past Questions And Answers
Question 1
What will the revenue be in 2023, if it grows at 20% every year after 2020?
A. £12,960,000
B. £13,260,000
C. £13,560,000
D. £13,860,000
Solution
Calculate the growth year by year
2021: £7,500,000 x 120% = 9,000,000
2022: £9,000,000 x 120% = 10,800,000
2023: £10,800,000 x 120% = 12,960,000
Question 2
How much has the value of the industry changed from 2018 to 2020?
A. £5,557,576
B. £5,657,576
C. £5,757,576
D. £5,857,576
Solution
Step 1: Calculate the value of the industry in both years
2018: (£6,000,000 / 55) x 100 = £10,909,090
2020: (£7,500,000 / 45) x 100 = £16,666,666
Step 2: Calculate the difference
£16,666,666 – £10,909,090 = £5,757,576
Question 3
Profits have been used to reduce liabilities owed by the company. What will be the difference between liabilities and assets in 2022 if liabilities remain the same and the assets appreciate at 50% per year for the next two years?
A. £462,400
B. £463,400
C. £464,400
D. £465,400
Solution
Step 1: Calculate the value of the assets
2021: 1,000,000 x 150% = £1,500,000
2022: 1,500,000 x 150% = £2,250,000
Step 2: Calculate the difference
£2,714,400 – £2,250,000 = £464,400
Question 5
You are monitoring how well your bank is processing customer complaints. How many Bank Account & Loan complaints were closed and not agreed by the bank over the year?
A. 308,000
B. 10,000
C. 302,000
D. 125,950
Solution
Step 1: Calculate number closed and not agreed in: Quarter 1 = 145000 X .5 = 72,500; Quarter 2 = 150000 X .55 = 82,500; Quarter 3 = 175000 X .48 = 84,000: Quarter 4 = 140000 X .45 = 63,000
Step 2: Add total closed and not agreed = 72,500 + 82,500 + 84,000 + 63,000 = 302,000
Question 6
Over the full year, how many complaints about PPI were not closed within twelve weeks?
A. 429,000
B. 439,000
C. 449,000
D. 459,000
Solution
Step 1: Calculate number of PPI complains not closed within 12 weeks in :
Quarter 1 = 325000 X .3 = 97,500;
Quarter 2 = 375000 X .25 = 93,750;
Quarter 3 = 525000 X .23 = 120,750;
Quarter 4 = 585000 X .2 = 117,000
Step 2: Calculate total PPI not closed within 12 weeks:
97,500 + 93,750 + 120,750 + 117,000 = 429,000
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