Loan A is for $20,000 while Loan B is for $10,000. Both have the same interest rate and amortization period. Will the total interest paid on Loan A be (pick one): (i) more than (ii) less than or (iii) equal to twice the total interest paid on Loan B? Explain.

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The Answer of Loan A is for $20,000 while Loan B is for $10,000. Both have the same interest rate and amortization period. Will the total interest paid on Loan A be (pick one): (i) more than (ii) less than or (iii) equal to twice the total interest paid on Loan B? Explain.

Loan a Is for $20,000 While Loan B Is for $10,000