A cone is exactly one-third the volume of a cylinder with the same base and height. This explains the 1/3 factor in the formula. Think of ice cream cones, party hats, or funnels.
An ice cream cone has base radius 4 cm and height 9 cm. What is its volume?
r = 4 cm h = 9 cmr² = 16V = (1/3) × π × 16 × 9 = 48π