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 $29$ basis points $(0\mathrm{.}29$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 $2\mathrm{.}19$ percent and a minimum of $1\mathrm{.}74$ percent. Calculate the rate of interest for weeks $2$ through $10.$

Date

LIBOR

Week $1$

$1\mathrm{.}96\%$

Week $2$

$1\mathrm{.}65\%$

Week $3$

$1\mathrm{.}49\%$

Week $4$

$1\mathrm{.}36\%$

Week $5$

$1\mathrm{.}63\%$

Week $6$

$1\mathrm{.}64\%$

Week $7$

$1\mathrm{.}68\%$

Week $8$

$1\mathrm{.}94\%$

Week $9$

$1\mathrm{.}91\%$

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Part $1$

The rate of interest for week $2$ is

$$

$2\mathrm{.}19\%.($Round to two decimal$$ places.$)$

Part $2$

The rate of interest for week $3$ is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$