The Gap Between the Rich and Poor Was Larger in the North

question 57

True/False

The gap between the rich and poor was larger in the north than in the south.

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Definitions:

Principle Amount

The original sum of money borrowed in a loan or put into an investment.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.

Simple Interest

Interest computed on the original sum of a loan or deposit, not including the effects of compounding throughout the duration.

Simplification

The process of reducing a mathematical expression or equation to its simplest form.