Pawan, who is self-employed, filed his tax return on November 1st and paid his $2500 balance owing. If the prescribed interest Pawan, who is self-employed, filed his tax return on November 1st and paid his $2500 balance owing. If the prescribed interest rate is 3%, how much did he owe in total?

 

Answer rating: 100% (QA)

To calculate the total amount Pawan owed we can use the formula for calculating prescribed ... View the full answer