Neco 2023 Data Processing Question 5

Practice objective / multiple choice question 5 from the 2023 Neco Data Processing examination.

Neco 2023 Data Processing Objective / Multiple Choice Hard Difficulty
Question 5 NECO • 2023 • DATA_PROCESSING • objective

A small business currently stores \(500\) GB of data on local servers purchased for \(150{,}000\) naira, with an annual maintenance cost of \(20{,}000\) naira and straight‑line depreciation over 5 years. They are considering a cloud storage subscription costing \(12{,}000\) naira per month for up to 1 TB. Data volume grows by \(20\%\) each year. Assuming the data never exceeds 1 TB within the period, after how many whole years will the cumulative cost of cloud storage exceed that of local storage? Also, compute the cumulative cost of each option after 3 years.

Answer Options

Correct Answer A. 2 years; local N300,000, cloud N432,000
B. 2 years; local N300,000, cloud N480,000
C. 2 years; local N250,000, cloud N432,000
D. 3 years; local N300,000, cloud N432,000
Correct Answer
A
Correct Option:
2 years; local N300,000, cloud N432,000

About This Question

This is Neco 2023 Data Processing Question 5. It is one of the objective questions from the 2023 Neco Data Processing examination.

Difficulty level: Hard .

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