Gce Model Questions Vol1 2024 Government Question 31
Practice objective / multiple choice question 31 from the 2024 Gce Model Questions Vol1 Government examination.
A public department introduces an e‑service. The fixed set‑up cost is \(\,2{,}000{,}000\,\) Naira and the variable cost is \(\,150\,\) Naira per transaction. In the first year the service handles \(\,10{,}000\,\) transactions and the number of transactions grows by \(\,8\%\) each subsequent year. Each transaction generates a benefit of \(\,250\,\) Naira to the public. In which year will the cumulative net benefit (total benefit minus total cost incurred up to that year) first become positive?
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About This Question
This is Gce Model Questions Vol1 2024 Government Question 31. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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