Neco 2023 Data Processing Question 35
Practice objective / multiple choice question 35 from the 2023 Neco Data Processing examination.
A small business currently stores 500 GB of data. Its on‑premises system costs a fixed \(\text{₦}120{,}000\) per year plus \(\text{₦}15\) per GB per year. A cloud provider charges \(\text{₦}12{,}500\) per month and \(\text{₦}1\) per GB per month. The business expects its storage to grow by 20 % each year. Assuming costs are calculated at the end of each year, after how many full years will the total annual cloud cost become lower than the on‑premises cost? (Ignore partial years.)
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About This Question
This is Neco 2023 Data Processing Question 35. It is one of the objective questions from the 2023 Neco Data Processing examination.
Difficulty level: Hard .
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