If a Bank Provides Overdraft Protection at a Rate of 12

question 57

Multiple Choice

If a bank provides overdraft protection at a rate of 12% for each $100 (or portion of $100) borrowed when an overdraft occurs, what amount of interest would a customer pay for a $188 overdraft?

• A) $24.00
• B) $22.56
• C) $10.56
• D) $12.00

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Ribonucleic acid, a molecule essential for coding, decoding, regulation, and expression of genes, playing a critical role in protein synthesis and other cellular processes.

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