Katie's overdraft fee was five dollars the interest rate 21 percent.When she wrote a cheque that put her account in a $5000 overdrawn position for two weeks,she still saved money compared with a $40 NSF fee.

Question

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The overdraft fee is $5, and the interest for two weeks on a $5000 overdraft at 21% annual interest is approximately $40.38, totaling $45.38, which is more than the $40 NSF fee.

Katie's Overdraft Fee Was Five Dollars the Interest Rate 21