Can you show work on how to find the $1600 of simple interest?

Future Values Example 2 Suppose you invest the $1000 at a quarterly compounding annual rate of 12%. for 5 years. How much would you have in 5 years? OFV5 = 1000(1+. 12/4)4x5=1,810 The effect of compounding is small for a small number of periods, but increases as the number of periods increases. (Simple interest calculation would have a future value of $ 1,600 for a difference of $ 210