John Has Overdraft Protection Which Has a Fee of Five

Multiple Choice

John has overdraft protection which has a fee of five dollars per use and a 21 percent annual interest charge.NSF fees at his bank are $35.This month John's unexpected car expense caused his account to become overdrawn by $1200 for 14 days until his pay cheque was deposited.What was the total expense for John in this circumstance?

A) $35.00
B) $70.00
C) $14.67
D) $9.67