Discussion

Explanation:

Let the rate of second lender be y%, then rate of first lender is (y + 10)%.

When they lend equal amounts

300001+y+101002 - 300001+y1002 = 7500

∴ 110+y1002 - 100+y1002 = 14

∴ 1102 - 1002 + 220y - 200y = 2500

y = 20%

Now we evaluate options and find that option 3 satisfies conditions.

400001+301002 - 200001+201002 = 38800

Hence, option (c).

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