Question

Manuel has saved $250 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)
Responses

$600
$600

$850
$850

$250
$250

$800

Answer 1

To calculate how much money Manuel will have after a year of savings, we can follow these steps:

1. Manuel's current savings: $250
2. Monthly savings contribution: $50
3. Number of months in a year: 12

Now, we can calculate the total savings from his contributions over the year:

Total contributions = Monthly savings × Number of months
Total contributions = $50 × 12 = $600

Now, add this to his current savings:

Total savings after a year = Current savings + Total contributions
Total savings after a year = $250 + $600 = $850

Therefore, Manuel will have **$850** after a year of savings.