[tex]\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$47000\\
r=rate\to 6.75\%\to \frac{6.75}{100}\to &0.0675\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, thus once}
\end{array}\to &1\\
t=years\to &5
\end{cases}
\\\\\\
A=47000\left(1+\frac{0.0675}{1}\right)^{1\cdot 5}[/tex]
