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I will assume that you are wanting to know the depth of the water for a 24x48" above ground pool. With the wall being 48" in height, I would usually tell the buyer to subtract 4-6" off of the wall height. So, in the case of the 48" wall, the water level will be anywhere between 42-44". !
How much water in a 48inch 12foot round pool
A round pool that is 16 feet across and is filled with 48 inches of water will contain about 6,041 gallons of water.
about an inch below the TOP of the filter...there should be a line on your filter...
5300 Gal
15000 gallons
18,000
So that the water doesn't drain out of the pool and so the pool doesn't fall over. I agree with the answer above but I have a more detailed answer. In a round above ground pool the water puts even pressure on the pool walls, and if the ground is not level one side will get more pressure. The imbalance will cause the pool to collapse under the strain.
There are 13,536 gallons in a 24 foot diameter pool that has 4 feet of water. Not true for a pool that is 4 feet in height. This would hold less than 4 feet of water.
Just measure the elevation of the max water height above the ground (or whatever reference level you wish to use).
6015.77 gallons
if it's 4 ft deep 21,139.948 gal.