Question

Manuel has saved $253.32 so far. He plans to put $50 into his savings each month for the next year. How much money will Manuel have after a year of savings?(1 point)
$

Answer 1

To calculate how much money Manuel will have after a year of savings, we need to add his current savings to the amount he plans to save over the next year.

1. Current savings: $253.32
2. Monthly savings: $50
3. Number of months in a year: 12

Total savings added over the year:
\[ 50 \text{ (monthly savings)} \times 12 \text{ (months)} = 600 \]

Now, we add this total to his current savings:
\[ 253.32 + 600 = 853.32 \]

Therefore, after a year of savings, Manuel will have:
\[
\boxed{853.32}
\]