he Bensington Glass Company entered into a loan agreement with the$$ firm's bank to finance the$$ firm's working capital. The loan called for a floating rate that was $27$ basis points $(0\mathrm{.}27$percent$)$ over an index based on LIBOR. In$$ addition, the loan adjusted weekly based on the closing value of the index for the previous week and had a maximum annual rate of $2\mathrm{.}24$ percent and a minimum of $1\mathrm{.}75$ percent. Calculate the rate of interest for weeks $2$ through $10.$

Date

LIBOR

Week $1$

$1\mathrm{.}91\%$

Week $2$

$1\mathrm{.}69\%$

Week $3$

$1\mathrm{.}47\%$

Week $4$

$1\mathrm{.}32\%$

Week $5$

$1\mathrm{.}58\%$

Week $6$

$1\mathrm{.}67\%$

Week $7$

$1\mathrm{.}66\%$

Week $8$

$1\mathrm{.}92\%$

Week $9$

$1\mathrm{.}91\%$