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Ricardo settled his tax liability for 2012/13 as follows: Payment on account of £3,000 on 15 February 2013 Payment on account of £3,000 on 14 August 2013 Balancing payment of £4,000 on 4 March 2014 What interest will Ricardo be subject to in respect of the above assuming the amounts are correct? Assume an interest rate of 3.0%. (Ignore any other penalties.) Please input answer to the nearest pence: £________ |