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September 12th, 2011, 08:57 PM  #1 
Newbie Joined: Aug 2011 Posts: 9 Thanks: 0  Is my answer key wrong?
The Problem: In 2003, the US national debt was about $7 trillion. If payments were made at the rate of $1,000 per second, how many years would it take to pay off the debt, assuming that no interest were charged? (Note: 1 year = 3.156*10^7 seconds) I got 221.8 years, but the answer key says 100 years... Don't see how I'm wrong though. 
September 12th, 2011, 10:56 PM  #2 
Senior Member Joined: Jul 2010 From: St. Augustine, FL., U.S.A.'s oldest city Posts: 12,163 Thanks: 472 Math Focus: Calculus/ODEs  Re: Is my answer key wrong?
We can find the time t in years from: I'd say you are correct! 

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