The value of Liam's investment at the end of 4 years is £9069.764
Step-by-step explanation:
Compound interest is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of an investment.
We multiply the principal amount by one plus the annual interest rate to the power of the number of compound periods to get a combined figure for principal and compound interest.
Please let me know if you want me to add an explanation as to why this is the answer. I can definitely do that, I just wouldn’t want to write it if you don’t want me to :)