Answer
There was an increase of about $54\%$.
Work Step by Step
Change in value:
$=\text{new amount} - \text{original amount}
\\= 22,320-14,500
\\= 7,820$
There was an increase.
Percent Change:
$ =\dfrac{\text{change in value}}{\text{original amount}}
\\=\dfrac{7,820}{14,500}
\\\approx 0.54
\\\approx 54\%$
There was an increase of around $54\%$.