[tex]~~~~~~ \textit{Savings Earned Amount} \\\\ S=P\left(1+r\right)^{t} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$14500\\ r=rate\to 7.5\%\to \frac{7.5}{100}\dotfill &0.075\\ t=years\dotfill &5 \end{cases} \\\\\\ S=14500\left(1+0.075\right)^{5}\implies S=14500(1.075)^5\implies A\approx 20816.63[/tex]
