A bank that provides overdrat protection charges 14 percent for each $100 (or portsion of $100) borrowed when an overdraft occurs. a. What amount of interest would the customer pay for an overdraft of $420? (Assume the interest is for the full amount borrowed for a whole year.) (Round your answer to 2 decimal places) Interest amount 59.80 References Book& Resources Worksheet Difficulty: 2 Intermediate Problem 4-12 (LO4.4) Learning Objective: 04-04 Evaluate different types of payment methods