Simple interest is interest only calculated by multiplying the principal amount by the interest rate and the number of periods in a loan. However compound interest is interest on interest. It is calculated by multiplying the principal amount by the annual interest rate raised to the number of compound periods.
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The North viewed slavery as moral issue.
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The Necessary and Proper Clause, also known as the Elastic Clause, is a clause in Article I, Section 8 of the United States Constitution: The Congress shall have Power. The Supremacy Clause of the Constitution of the United States, sets up that the Constitution, government laws made in accordance with it, and arrangements made under its power, establish the "incomparable Law of the Land", and in this manner take need over any clashing state laws.
OPEC means Organization of Petroleum Exporting Countries, which is a group of oil producing countries that regulate the amount of oil each country is able to produce. An example of OPEC members are Saudi Arabia, Iran and Iraq.