Neco 2018 Data Processing Question 16
Practice objective / multiple choice question 16 from the 2018 Neco Data Processing examination.
An enterprise currently stores its data locally. The local storage incurs a fixed monthly cost of N8,000 and a variable cost of N0.30 per gigabyte (GB) of data stored. The amount of data stored at the start of month 1 is 200 GB and grows by 10 % each month (compounded). The enterprise is considering a cloud storage service that charges a fixed monthly subscription of N5,000 plus N0.80 per GB of data stored each month. Assuming the data growth pattern is the same under either option, determine the smallest integer month \(n\) (starting from month 1) at which the cumulative cost of using the cloud service becomes less than the cumulative cost of local storage.
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About This Question
This is Neco 2018 Data Processing Question 16. It is one of the objective questions from the 2018 Neco Data Processing examination.
Difficulty level: Hard .
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