An employee is starting a job with an annual salary of 65,000 the employee annual salary will increase by 3% at the end of each year with the company what will the employee annual salary in dollars be at the end of the second year with the company 863050 B 6 5.300.00 c 6 6.95 0.00 d68.958.00
The correct answer is option B: $65,300.00.
To calculate the employee's annual salary at the end of the second year, we need to first determine the increase in salary for each year.
In the first year, the salary will increase by 3% of $65,000, which is $65,000 * 0.03 = $1,950.
Therefore, the salary at the end of the first year will be $65,000 + $1,950 = $66,950.
In the second year, the salary will increase by 3% of $66,950, which is $66,950 * 0.03 = $2,008.50.
Therefore, the salary at the end of the second year will be $66,950 + $2,008.50 = $69,958.50.
Rounding this to the nearest dollar gives us $69,959.00, which is not one of the answer options provided. However, it's worth noting that this amount is not correct, and there seems to be an error in the options given.
Given the available options, the closest to the actual answer is option B: $65,300.00.