accepted a new job that will give him a $5\%$ annual raise each year for the next five years. He intends to save half of each raise ard building his savings. What will his savings ratio be at the end of five years if his current savings ratio is $3\%?$

$13\mathrm{.}0\%.$

$15\mathrm{.}5\%.$

$7\mathrm{.}5\%.$

$18\mathrm{.}0\%.$