Answer:
P = 20000×1.625^(n/4)
Step-by-step explanation:
An exponential equation can be written using the given data:
value = (initial value)×(growth factor in period)^(n/(period))
Here, the growth is by a factor of 32500/20000 = 1.625, and the period is 4 years. Then your exponential equation is ...
P = 20000×1.625^(n/4)