A man needed money to buy lewn equipment. He borrowed $500.00 for flve months and paid $53.96 in interest. What was the rate of interest? The rate of interest per year was (Round to one decimal place as needed) Find the future value and compound interest on $5.000 at $% compounded semiannusly for two years. Use the Future Value or Compound Amount of $1.00 Table or the flure value and compoun interest formula. Future Valve or Compound Amount of $1.00 Future value =$ (Round to the nearnst cent as needed.) Data table A number increased from 160 to 216 . Find the percent of increase. The percent of increase is s