$4,774.64
Step-by-step explanation:
The amount after 10 years assuming 7.5% compound interest is:
= Amount * ( 1 + rate) ^ no. of years
= 4,500 * ( 1 + 7.5%)¹⁰
= $9,274.64
The accumulated interest is:
= Amount after 10 years - Present amount
= 9,274.64 - 4,500
= $4,774.64
