$($Related to Checkpoint $9\mathrm{.}1)($Floating$-$rate loans$)$ The 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 $25$ basis points $(0\mathrm{.}25$ 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 $2\mathrm{.}21$ percent and a minimum of $1\mathrm{.}77$ percent. Calculate the rate of

interest for weeks $2$ through $10.$

The rate of interest for week $2$ is

$\%.($Round to two decimal places.$)$