Answer-An investment grows by 8% in the first year, 12% in the second year, and 10% in the third year. If t...

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Initial amount  1,000.  Amount after 8 increase  1,000  1.08  1,080.  Amount after 12 increase  1,080  1.12  1,209.60.  Amount after 10 increase  1,209.60  1.10  1,330.56.  Overall percentage increase  1,330.56 - 1,000  1,000  100  33.056.  The final amount is 1,330.56 , and the overall percentage increase is 33.056.

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?

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