Neco 2021 Data Processing Question 25
Practice objective / multiple choice question 25 from the 2021 Neco Data Processing examination.
A small business is comparing two data‑backup options.\n\nOption A: a cloud backup service costing \(\text{₦}30{,}000\) per year, with no upfront fee.\nOption B: purchase an external server for \(\text{₦}100{,}000\) upfront and pay an annual maintenance fee of \(\text{₦}5{,}000\).\n\nThe business values a successful backup at \(\text{₦}30{,}000\) each year (i.e., the benefit of avoiding data loss). Determine after how many whole years the cumulative net benefit (benefit minus all costs) of Option B exceeds that of Option A.
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About This Question
This is Neco 2021 Data Processing Question 25. It is one of the objective questions from the 2021 Neco Data Processing examination.
Difficulty level: Hard .
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