Fin Maverick
Foundations VocabularyAccounting & ReportingEconomics & MacroQuant Methods & ProgrammingBusiness & Company AnalysisCorporate Finance & ValuationBehavioural Finance
Banking & Market InfrastructureFixed Income & RatesDerivatives & Structured ProductsPublic EquitiesTransactions & DealsPortfolio ConstructionFunds & AMCs
Private Markets & AlternativesRisk, Treasury & ControlAI & Digital FinanceStochastic Calculus & PricingWealth & Personal FinanceIndian Markets & RegulationProfessional Practice
Explore NISM prep
Series-VIII · Equity DerivativesSeries-XII · Securities Markets FoundationSeries-V-A · Mutual Fund DistributorsSeries-XV · Research AnalystSeries-XIX-E · Category III AIF ManagersSeries-XIX-D · Category I & II AIF ManagersSeries-XIX-C · Alternative Investment Fund ManagersSeries-XVI · Commodity DerivativesSeries-VI · Depository OperationsSeries-II-A · Registrars & Transfer AgentsSeries-I · Currency DerivativesSeries-VII · Securities Operations & Risk Management
Explore Bootcamps
Equity ResearchPortfolio ManagementMutual Fund MasteryInvestment Banking Analyst
Private Equity AnalystQuant & Hedge Fund AnalystBreaking Into VCFinancial Analyst Program
Risk Management ProgramPrivate Wealth ManagementDebt Capital MarketsDerivatives Foundation
Explore Free Courses

Equity Research6

Writing an Investment ThesisBuilding a Discounted Cash FlowReading an Annual Report FastReading a Sector Before a CompanySpotting Quality of Earnings Red FlagsBuilding a Revenue Forecast From Drivers

Portfolio Management3

Rebalancing: When, Why and What It CostsStrategic and Tactical Asset AllocationMeasuring Risk in a Portfolio

Mutual Fund Mastery3

Comparing Funds Without Being FooledHow a NAV Is Struck and Which Day You GetReading a Fund Factsheet Properly

Derivatives Unlocked4

Hedging a Real ExposureThe Greeks, PracticallyFutures, the Basis and What Moves ItReading an Option Payoff

AI For Finance2

Retrieval and Grounding for FinanceDocument Extraction in Finance

Breaking Into Quants4

Backtesting a StrategyHypothesis TestingCleaning Financial DataRegression for Finance

Breaking Into VC3

Sizing a MarketReading a Term Sheet as a FounderHow a Venture Round Actually Works

Financial Analyst Program4

Common Size and Trend AnalysisReading a Cash Flow StatementRatio Analysis That Says SomethingBuilding a Working Capital Schedule

Risk Management Program2

Credit Exposure and How It Is ReducedValue at Risk and What It Hides

Investment Banking Analyst3

Precedent Transactions and Why They DifferReading a Term Sheet StructurallyBuilding a Comparable Companies Table

Private Wealth Management3

Tax Aware Portfolio DecisionsBuilding a Client Risk ProfileGoal Based Planning Arithmetic

Debt Capital Markets3

Analysing an Issuer's CreditDuration and What It Does Not Tell YouBond Pricing and Yield Mechanics

Private Equity Analyst2

Fund Waterfalls and CarryThe LBO in Structure

Hedge Funds Analyst2

Short Selling MechanicsLong Short Mechanics
QuarksCourses
Explore Interview Preparation
Investment BankingEquity ResearchVenture CapitalistPrivate EquityHedge Funds
QuantFinancial AnalysisPrivate Wealth ManagementDebt Capital MarketsRisk Management
Derivatives FoundationPortfolio ManagementMutual Fund Mastery
PartnershipsShowdown
Log inSign up
Interview tracksAll
1Investment Banking
Question bankPuzzlesCase studies
2Equity Research
Question bankPuzzlesCase studies
3Venture Capital
Question bankPuzzlesCase studies
4Private Equity
Question bankPuzzlesCase studies
5Hedge Funds
Question bankPuzzlesCase studies
6Quant
Question bankPuzzlesCase studies
7Financial Analysis
Question bankPuzzlesCase studies
8Private Wealth Management
Question bankPuzzlesCase studies
9Debt Capital Markets
Question bankPuzzlesCase studies
10Risk Management
Question bankPuzzlesCase studies
11Derivatives Foundation
Question bankPuzzlesCase studies
12Portfolio Management
Question bankPuzzlesCase studies
13Mutual Fund Mastery
Question bankPuzzlesCase studies

Investment Banking puzzles, solved step by step

Puzzles
100
Traced to a firm
36
Topics
12
Hard
29
Topic
All topicsProbability7Mental maths and counting11Growth and compounding9Valuation riddles11Logic and brainteasers11Rates, risk and options9Estimation and market sizing7Accounting riddles9Expected value and games7Enterprise value and dilution6Deal maths6DCF and cost of capital7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–1 of 1 · filtered from 100Clear filters
  1. 057Logical test style: what number comes next in 2, 6, 12, 20, 30, and why?Logic and brainteasersWarm upConsulting style brainteasersSales and trading

    Try it first

    What comes next?

    Show the worked solution

    42. The gaps between terms are 4, 6, 8 and 10, rising by 2 each time, so the next gap is 12 and 30 + 12 = 42. The rule underneath is that the nth term is n x (n + 1): 1 x 2, 2 x 3, 3 x 4, 4 x 5, 5 x 6, and next 6 x 7, which is 42.

    What should you do first with any number series?

    Imagine a taxi meter that charges a little more for each extra kilometre than it did for the one before. The fares look irregular, but the jumps between them tell the story. Write the differences between terms underneath the series before guessing, and if they are not constant, take differences again. Here the first differences are 4, 6, 8 and 10, and the second differences are a steady 2, which tells you the rule is a quadratic: something times something.

    Write the differences before guessing: they grow by 2 each stepSeriesFirst differencesSecond differencesn x (n + 1)21 x 262 x 3123 x 4204 x 5305 x 6426 x 7next+4+6+8+10+12+2+2+2+2a constant second difference means the rule is a square
    The differences between 2, 6, 12, 20 and 30 are 4, 6, 8 and 10, rising by a steady 2, so the next difference is 12 and the next term is 42, which is also 6 x 7 under the rule n x (n + 1).

    How do you check the answer, not just find it?

    A second route that lands on the same number is your proof. Each term splits into two neighbouring whole numbers: 2 = 1 x 2, 6 = 2 x 3, 12 = 3 x 4, 20 = 4 x 5, 30 = 5 x 6. Two methods agreeing, differences and a formula, turn a guess into an answer. The formula also lets you jump ahead: the 10th term is 10 x 11 = 110 without writing out the terms in between.

    The relationship
    an=n(n+1)a6=6×7=42a_n = n(n+1) \qquad a_6 = 6 \times 7 = 42
    a_nthe nth term of the series
    nits position, starting at 1
    What it says in wordsEach term is its position multiplied by the next position.

    Why does a bank put this in an online test?

    Numerical and logical screens are timed tightly and filter large numbers of applicants before anyone reads a CV. The skill being tested is spotting structure fast, the same skill you use when a line in a model grows by a changing amount each year. A revenue line whose yearly increase itself rises by a fixed amount has exactly this shape, and seeing it saves you from projecting the last increase forward as if it were fixed.

    Where candidates lose it

    The fast wrong answer is 40, from assuming the last gap of 10 repeats. Under time pressure candidates spot the first differences and stop before noticing that the differences are themselves growing.

    The other loss is spending a minute hunting for an exotic rule. Differences first, second differences next, then neighbouring products: those three checks crack most test series inside the time allowed.

    What the interviewer asks next

    • What is the 20th term of the series?
    • What comes next in 1, 3, 6, 10, 15, and how is that series related to this one?
    • What is the sum of the first five terms, and is there a shortcut?
Fin Maverick Free CoursesExplore Free Courses
Fin Maverick BootcampsExplore Bootcamps
Fin Maverick

Finance education that ends in a job, not a certificate that gathers dust. Built for young India.

LEARN
CalculatorsFrameworksComparisonsInterview RoadmapsShowdown
RESOURCES
All CoursesFree CoursesBootcampsInternships
COMPANY
AboutJob openingPartnership
LEGAL
Privacy PolicyTerms & ConditionsContent LicenseReturn & Refund Policy
© 2026 FIN MAVERICK / BUILT FOR INDIA.DO FINANCE, DO NOT JUST READ ABOUT IT.