Bill filed his income tax return with the Canada Revenue Agency (CRA) after the April 30 deadline.

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Bill filed his income tax return with the Canada Revenue Agency (CRA) after the April 30 deadline. He calculated that he owed the CRA $3448, but did not include a payment for this amount when he sent in his tax return. The CRA’s Notice of Assessment indicated agreement with Bill’s tax calculation. It also showed that the balance due was $3827.66, which included a 10% late-filing penalty and interest at 9% p.a. For how many days was Bill charged interest?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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