Select the correct answer.
Georgina’s bank account has a current balance of -$25.50. If she deposits $120 into the account each month, how much money will she have in the account after 4 months?
A.
-$480
B.
$454.50
C.
$480
D.
$505.50
Option D: $505.50
To find out how much money Georgina will have in her bank account after 4 months, we need to consider the monthly deposits and the current balance.
Step 1: Calculate the total deposits after 4 months.
Since Georgina deposits $120 each month, the total deposits after 4 months will be 4 * $120 = $<<4*120=480>>480.
Step 2: Calculate the final balance.
Since Georgina's current balance is -$25.50, we need to add the total deposits to that amount. Thus, the final balance will be -$25.50 + $480 = $454.50.
Therefore, the correct answer is B. $454.50.