Benefits To Setting Up An Education Savings Account?

Benefits To Setting Up An Education Savings Account?
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There are many benefits and few pitfalls to creating an education savings account. With a great education savings account, you will be able to ensure that you are putting away money for your own college education or someone else's. Some banks will even reward you when you open an education savings account. While some people are leery about opening a savings account, most jump for the chance. One reason many people do not open a savings account is because they think that they don't have the money to do it with. The truth is that most saving accounts can be opened with very minimal amounts of money, and some can build interest over time. There are very few risks to creating an education account, and many benefits. The best benefit about creating an education savings account is that when you put the money in the savings account, you are putting it away for your child's or your own future. This will allow you to make sure that no matter what happens, there is some money saved in that savings account. When you go to open a savings account, first look into your own local area bank before you go online and look up other education accounts. Your own bank may have some great deals that will offer you the best benefits, since they may want you to stick with your own, usual bank. If you do not like the services they have to offer, you should then turn online and find out what banking services are available in your local area. Finding services that are in your local area will allow you to have a bank nearby. If there are not any services available in your local area, don't stress about it. There are many great education banking systems online, where you can find great deals and benefits. Saving for your child's education or your own education can be extremely rewarding and can be a great experience if you choose to use the benefits that are available to you. Should you choose to create an education savings account? Ultimately, that is up for you to decide. You should know, however, that there are many benefits for those who choose to use them. Don't miss out.
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From the salary of pooja , 40% is deducted as house rent, 20% of rest she spends on children's education and 40% of balance she spends on watching movies. If her savings are Rs.5760/- then hers total salary is: a) 20000 b) 30060 c) 45000 d) 47000 e) 98000

Description : From the salary of pooja , 40% is deducted as house rent, 20% of rest she spends on children's education and 40% of balance she spends on watching movies. If her savings are Rs.5760/- then hers total salary is: a) 20000 b) 30060 c) 45000 d) 47000 e) 98000 

Last Answer : Answer: A Formula: First value = last value×100/(100-p1)×100/(100-p2)× 100/(100-p3) (p=percentage) First value = 5760×100/(100 – 40)×100/(100 – 20)×100/(100 - 40 )  = 5760 × 100/60× 100/80× 100/60  = 5760 × 5/3 × 5/4 × 5/3  = 5760 ×125/36  = 720000/36  = 20000

From the salary of shreya, 15% is deducted as house rent, 15% she spends on children’s education and 20% on watching movies. If her savings are Rs.8450/- then her total salary is: a) 13500 b) 2360 c) 16900 d) 11520 e) 23198

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Last Answer : Answer: C She spends = 50% remaining 50% = 8450  Total salary = 8450 × 100 / 50  = 845000 / 50  = 16900

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