An employee is starting a job with an annual salary of $65,000 the employees and annual salary will increase by 3% at the end of each year with the company what will be the employee's annual salary in dollars be it the end of the second year with the company a 6 3-050.50 b65 300.00 c66-95.00 d68.958.5 0
To calculate the employee's annual salary at the end of the second year, we need to apply a 3% increase to the initial salary of $65,000 for two years.
First year's salary increase:
$65,000 * 3% = $1,950
New salary after the first year:
$65,000 + $1,950 = $66,950
Second year's salary increase:
$66,950 * 3% = $2,008.50
New salary at the end of the second year:
$66,950 + $2,008.50 = $68,958.50
Therefore, the employee's annual salary at the end of the second year is $68,958.50.
The correct answer is d) $68,958.50.