Nuray's son Jeremy is 10 years old and is learning the concept of simple interest at school. Nuray thought it would be a good time to introduce her son to the concept of compounding interest. She challenged her son to find the difference in interest between a simple interest loan of $10,000 at an annual interest rate of 6.5%, and the same loan at 6.5% compounded monthly, both over 10 years. Calculate the difference. Question 46 Select one: a. $1,350 b. $1,542 c. $650 d. $1,839 e. $2,622