an employee is starting a job with an annual salary of 40,000. the employee anuual salary will increase by 3%

Question

an employee is starting a job with an annual salary of 40,000. the employee anuual 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?

GPT-5 mini · Accepted Answer

Salary after 2 years = 40,000 × (1.03)^2 = 40,000 × 1.0609 = $42,436.

an employee is starting a job with an annual salary of 40,000. the employee anuual 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?

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an employee is starting a job with an annual salary of 40,000. the employee anuual 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?

All Answers 1

Submit Your Answer

an employee is starting a job with an annual salary of 40,000. the employee anuual 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?