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)

Question

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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: \[ \boxed{853.32} \]