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this ques can be done by
taking ,r =5%
n=3 and, P=16000
amount=P(1+r/100)^n
=16000(1+5/100)^3
=16000(1+0.05)^3
=16000(1.05)^3
=18522
taking ,r =5%
n=3 and, P=16000
amount=P(1+r/100)^n
=16000(1+5/100)^3
=16000(1+0.05)^3
=16000(1.05)^3
=18522
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