Neco 2024 Computer Studies Question 20

Practice objective / multiple choice question 20 from the 2024 Neco Computer Studies examination.

Neco 2024 Computer Studies Objective / Multiple Choice Medium Difficulty
Question 20 NECO • 2024 • COMPUTER_STUDIES • objective

A company's quarterly sales (in thousand Naira) for 2023 are: Q1 - 120, Q2 - 150, Q3 - 135, Q4 - 165.\n\n(a) What is the overall percentage increase in sales from Q1 to Q4?\n(b) Assuming the sales grew at a constant quarterly rate \(r\) (geometric growth), find \(r\) expressed as a percentage, rounded to two decimal places.

Answer Options

A. 45.0% overall increase; 12.50% quarterly growth rate
B. 37.5% overall increase; 10.00% quarterly growth rate
Correct Answer C. 37.5% overall increase; 11.20% quarterly growth rate
D. 40.0% overall increase; 11.20% quarterly growth rate
Correct Answer
C
Correct Option:
37.5% overall increase; 11.20% quarterly growth rate

About This Question

This is Neco 2024 Computer Studies Question 20. It is one of the objective questions from the 2024 Neco Computer Studies examination.

Difficulty level: Medium .

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