Neco 2019 Data Processing Question 29

Practice objective / multiple choice question 29 from the 2019 Neco Data Processing examination.

Neco 2019 Data Processing Objective / Multiple Choice Hard Difficulty
Question 29 NECO • 2019 • DATA_PROCESSING • objective

A small business needs to store 2 TB of data for three years.\n\nOption 1: Purchase an external hard‑drive that costs \(\text{₦}120{,}000\) and has a lifespan of 4 years (no further cost).\nOption 2: Subscribe to a cloud service that charges \(\text{₦}15{,}000\) per month for up to 2 TB, plus a data‑transfer fee of \(\text{₦}0.10\) per GB transferred. The business transfers 100 GB each month.\n\nCalculate the total cost of each option over the three‑year period and state which option is cheaper.

Answer Options

Correct Answer A. Option 1 is cheaper; total cost ₦120,000 versus ₦540,360 for Option 2
B. Option 2 is cheaper; total cost ₦540,360 versus ₦120,000 for Option 1
C. Option 1 is cheaper; total cost ₦120,000 versus ₦600,000 for Option 2
D. Option 2 is cheaper; total cost ₦540,000 versus ₦120,000 for Option 1
Correct Answer
A
Correct Option:
Option 1 is cheaper; total cost ₦120,000 versus ₦540,360 for Option 2

About This Question

This is Neco 2019 Data Processing Question 29. It is one of the objective questions from the 2019 Neco Data Processing examination.

Difficulty level: Hard .

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