Source 1: A loan of Tk. 70,00,000 taken at floating interest rate set at Prime rate + 1%. The maturity of the loan is six months. The prime rate for the first 3 months is 7.5% and it is 9% for the next 3 months. The processing fee is 1% of the loan amount. Both the interest and processing fee is to be deducted in advance. Source 2: Revolving line of credit of Tk 90,00,000 at 11% interest rate for 6 months. ABC textiles intends to use only Tk. 70 lac. There is a commitment fee of 2.5% and a processing charge of 1%. These are to be deducted in advance.

Calculate the Effective Annual Interest rate of these 2 sources