Neco Model Questions Vol1 2017 Geography Question 47
Practice objective / multiple choice question 47 from the 2017 Neco Model Questions Vol1 Geography examination.
A flood-prone region experiences floods with an annual probability of 0.12. Each flood causes an average economic loss of \(\text{N}\)2.5 million. A mitigation project costing \(\text{N}\)5 million reduces the flood probability by 40\% and the average loss per flood by 30\%. After how many whole years will the project break even?
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About This Question
This is Neco Model Questions Vol1 2017 Geography Question 47. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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