Neco 2024 Data Processing Question 17
Practice objective / multiple choice question 17 from the 2024 Neco Data Processing examination.
A small business purchases a computer for \(150{,}000\) naira. The computer depreciates straight‑line over 5 years with zero salvage value. Each transaction handled by the computer saves \(12\) minutes of employee time. The business processes \(150\) transactions per month, and the employee's wage is \(1{,}200\) naira per hour. Assuming the depreciation expense is incurred each month, after how many complete months will the cumulative net savings equal or exceed the purchase cost of the computer?
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About This Question
This is Neco 2024 Data Processing Question 17. It is one of the objective questions from the 2024 Neco Data Processing examination.
Difficulty level: Hard .
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