Neco Model Questions Vol1 2022 Civic Education Question 42
Practice objective / multiple choice question 42 from the 2022 Neco Model Questions Vol1 Civic Education examination.
The government has a budget of \(\text{₦}500\) million for public‑service projects. Each project normally costs \(\text{₦}12\) million, but if more than 20 projects are funded, the cost of each additional project falls by \(5\%\) because of economies of scale. What is the maximum number of projects that can be funded without exceeding the budget?
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About This Question
This is Neco Model Questions Vol1 2022 Civic Education Question 42. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Civic Education examination.
Difficulty level: Medium .
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