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 the total amount saved after a year, we need to multiply the monthly savings of $50 by the number of months in a year.

12 months * $50/month = $<<12*50=600>>600

Then, we add the initial amount that Manuel saved to the total amount saved in a year.

Total amount saved = $253.32 + $600 = $<<253.32+600=853.32>>853.32

After a year of savings, Manuel will have $853.32. Answer: \boxed{853.32}.