The Chunking Multiplier - Quant Trader Interview Question
Difficulty: Medium
Category: Mental Math & Estimation
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: mental-math, algebra, estimation, trading-intuition
Problem Description
Calculate $47 \times 53$ mentally using an algebraic identity. Aim for speed and accuracy, as this is a common calculation encountered when quickly assessing potential trades.
Think about how you can represent these numbers relative to a common base to simplify the calculation.
Practice this medium trader interview question on MyntBit - the all-in-one quant learning platform with 200+ quant interview questions for Jane Street, Citadel, Two Sigma, and other top quantitative finance firms.