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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
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.
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