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What was the primary problem with private charities before the development of the welfare state?
Interest
The cost of borrowing money, typically expressed as an annual percentage of the loan amount.
Months
Refers to each of the twelve distinct periods into which a year is divided, commonly used to measure periods of time in calendars.
Principal
The original amount of money invested or lent, before interest or earnings are added.
Earn Interest
The process by which money deposited in a savings account or investment grows over time due to the payment of interest.
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