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
D. $505.50
To find out how much money Georgina will have in the account after 4 months, we need to add the amount she deposits each month to her current balance each month.
Since Georgina's current balance is -$25.50, we need to add $120 each month for 4 months.
First, let's calculate the total amount she deposited in 4 months: 120 * 4 = $<<120*4=480>>480.
Next, let's add the total amount she deposited to her current balance: -$25.50 + $480 = $<<-25.50+480=454.50>>454.50.
Therefore, the correct answer is B. $454.50.