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Whats the difference between “pure” math and applied math?

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Whats the difference between “pure” math and applied math?

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Pure mathematics focuses attention on basic concepts and then takes those concepts and creates a practical application for them. Finance and cryptography are current examples of areas to which pure mathematics is applied in significant ways. Applied Math uses the practical applications in direct, hands-on ways to solve real-world problems – modeling electric power supply and demand, studying climate change, setting airfare and insurance rate and many more.

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