The lower mass has a greater speed if the kinetic energies of the two particles of different masses are the same because speed varies inversely with mass.
\(\begin{array}{l}K = \frac{1}{2}m{v^2}\\{v^2} \propto \frac{1}{m}{\rm{ }}\left( {k = {\rm{constant}}} \right)\end{array}\)
Let the mass of the first bullet be twice the mass of the second, i.e.,\({m_1} = 2{m_2}\).
According to the question, the kinetic energies of both bullets are the same. Therefore,
\(\begin{array}{c}\frac{1}{2}{m_1}v_1^2 = \frac{1}{2}{m_2}v_2^2\\{\left( {\frac{{{v_1}}}{{{v_2}}}} \right)^2} = \frac{{{m_2}}}{{{m_1}}}\\{\left( {\frac{{{v_1}}}{{{v_2}}}} \right)^2} = \frac{{{m_2}}}{{2{m_2}}}\\{v_2} = \sqrt 2 {v_1}\end{array}\)
Hence, the lighter bullet has a higher speed, and the speed of the lighter bullet is \(\sqrt 2 \) times the speed of the heavier bullet if the heavier mass is double the lighter mass.