The deficit of a certain government is 977.616 billion dollars. If it paid back $1000 every second, how many 365 day years would it take to pay back its debt assuming no accruing of additional interest or debt?

Question

The deficit of a certain government is 977.616 billion dollars. If it paid back $1000 every second, how many 365 day years would it take to pay back its debt assuming no accruing of additional interest or debt?

Answer 1

977,616,000,000/1000 = amount per seconds

Divide amount by 60 seconds, then 60 minutes, then 24 hours and finally by 365 days.

I'll let you do the calculations.

Answer 2

To find the number of years it would take to pay back the debt, we need to calculate the total amount of seconds needed to pay back $977.616 billion.

First, let's convert $977.616 billion to seconds.

1 billion dollars = 1,000,000,000 dollars

977.616 billion dollars = 977,616,000,000,000 dollars

Now, let's calculate the number of seconds needed to pay back this amount.

$1,000 per second

977,616,000,000,000 dollars ÷ 1,000 dollars/second = 977,616,000,000 seconds

Now, let's convert seconds into years.

1 year = 365 days

365 days = 365 × 24 hours = 365 × 24 × 60 minutes = 365 × 24 × 60 × 60 seconds

Now, let's calculate the number of years.

977,616,000,000 seconds ÷ (365 × 24 × 60 × 60) seconds/year = 31,022.92 years

Rounded to the nearest whole number, it would take approximately 31,023 years to pay back the debt.

Answer 3

To find out how many years it would take for the government to pay back its debt, we need to calculate the total number of seconds it would take to pay off $977.616 billion at a rate of $1000 per second.

First, we need to convert the debt from billion dollars to dollars. Since 1 billion is equal to 1,000,000,000, we can multiply the debt by 1,000,000,000:

977.616 billion dollars * 1,000,000,000 dollars/billion = 977,616,000,000,000 dollars

Next, we divide the total debt by the rate at which the government pays it back per second ($1000):

977,616,000,000,000 dollars / $1000 = 977,616,000,000 seconds

Now, we need to convert the number of seconds to years. We know that there are 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, and 365 days in a year:

977,616,000,000 seconds / 60 seconds/minute
= 16,293,600,000 minutes

16,293,600,000 minutes / 60 minutes/hour
= 271,560,000 hours

271,560,000 hours / 24 hours/day
= 11,315,000 days

11,315,000 days / 365 days/year
= 31

So, it would take approximately 31 years for the government to pay back its debt at a rate of $1000 per second, assuming no accruing of additional interest or debt.