To find out how much money Manuel will have after a year of savings, we start with the amount he has saved so far and add the amount he plans to save over the next year.
- Current savings: $253.32
- Monthly saving: $50
- Number of months in a year: 12
First, calculate the total amount Manuel will save over the next year:
\[ \text{Total savings over a year} = \text{Monthly saving} \times \text{Number of months} \] \[ \text{Total savings over a year} = 50 \times 12 = 600 \]
Now, add this amount to his current savings:
\[ \text{Total savings after a year} = \text{Current savings} + \text{Total savings over a year} \] \[ \text{Total savings after a year} = 253.32 + 600 = 853.32 \]
Thus, after a year of savings, Manuel will have $853.32.
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