Question

Suppose the U.S. national debt is about $14 trillion. If payments were made at the rate of $3,500 per second, how many years would it take to pay off the debt, assuming no interest were charged? Note: Before doing these calculations, try to guess at the answers. You may be very surprised.

Answer 1

Answer:

It will take 126.84 years to pay off the debt

Explanation:

Total debt = $14,000,000,000,000.00

Paid $3,500 per second

Number of seconds to pay off the debt will be:

14 ×10^12 /3500

Number of seconds = 4× 10^9 seconds

Converting seconds to year:

I second = 3.171 ×10^-8 calendar year

Therefore, number of years it will take to pay off $14 Trillion =( 4 ×10^9 ) × ( 3.171 × 10^-8)

Number of years = 126.84 years