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

31 years