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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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