One of my offset formula does not return dynamic array but works as regular array

I was working on creating an offset function that would take its own previous value and add a few percentage growth points. It worked fine when it as a regular array (Shift + CTRL + Enter) but it did not work as a dynamic array. In that case it gave a circular reference error.

Here is what I did.

Cell A3 = 1,000

Cell B3 = Offset(A1,0,0,1,10)*(1+5%)

When I entered it as a dynamic array, it gave a circular reference error. However, when I tried the following, it worked fine:

Cell A1 = 1,000

Cell B1:J1 = Offset(A1,0,0,1,10)*(1+5%) and entered it as an array, it worked fine.

It would be great if someone can tell how to handle this using dynamic array.