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 find out how much money Manuel will have after a year of savings, we can start with the amount he currently has, which is $253.32, and then add the total amount he plans to save over the next year.

Manuel saves $50 each month for 12 months, so he will save: \[ 50 \text{ dollars/month} \times 12 \text{ months} = 600 \text{ dollars} \]

Now we add this amount to his current savings: \[ 253.32 \text{ dollars} + 600 \text{ dollars} = 853.32 \text{ dollars} \]

After a year of savings, Manuel will have $853.32.