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  • 25-08-2020
  • Business
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If payments were made at the rate of $1183 per second, how many years would it take to pay off the debt, assuming that no interest were charged

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Parrain
Parrain Parrain
  • 26-08-2020

Answer: 402 years

Explanation:

Debt is $15,000,000,000,000

Payment per second $1,183

Time taken to pay off = 15,000,000,000,000/1,183

= 12,679,628,064 seconds

Seconds in a year = 60 secs * 60 mins * 24 hours * 365 days

= 31,536,000‬ secs

Time taken in years = 12,679,628,064/ 31,536,000

= 402 years

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