Question

An investment grows by 8% in the first year, 12% in the second year, and 10% in the third year. If the initial amount invested is $1,000, what is the final amount after 3 years and the overall percentage increase?

A $1,330.56, 33.056%.
B $1,130.56, 33.056%.
C $1,330.56, 23.056%.
D $1,220.50, 30.125%.
E $1,080.25, 25.426%.
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