Neco 2017 Civic Education Question 44
Practice objective / multiple choice question 44 from the 2017 Neco Civic Education examination.
The government implements two anti‑corruption policies. Policy X costs \(\text{₦}150\) million annually and reduces the annual corruption loss by \(12\%\) of the previous year's loss amount. Policy Y costs \(\text{₦}200\) million annually and reduces the loss by a fixed \(\text{₦}45\) million each year. In 2020 the estimated corruption loss was \(\text{₦}1,200\) million. Assuming both policies are applied simultaneously from 2021 onward, after how many full years will the total cumulative savings (reduction in loss minus combined policy costs) become positive? Give the smallest integer number of years, or state that it never becomes positive.
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About This Question
This is Neco 2017 Civic Education Question 44. It is one of the objective questions from the 2017 Neco Civic Education examination.
Difficulty level: Hard .
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