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?

Question

(1 point)
$

Answer 1

Manuel has saved $253.32 and plans to save an additional $50 each month for the next 12 months.

To find out how much he will have after a year, we can calculate the total savings he will add in one year:

\[ 50 \text{ dollars/month} \times 12 \text{ months} = 600 \text{ dollars} \]

Now, we add this amount to his current savings:

\[ 253.32 \text{ dollars} + 600 \text{ dollars} = 853.32 \text{ dollars} \]

Therefore, after a year of savings, Manuel will have:

\[ \boxed{853.32} \]