Answer: $9000
Step-by-step explanation:
Principal= Unknown
Rate = 6%
Time= 4 years
Simple Interest= $ 2160
Simple Interest= (P×R×T) ÷ 100
2160 = P×6×4/100
2160 = 24P/100
Cross multiply
2160 × 100 = 24P
216000 = 24P
Divide both side by 24
216000/24 = 24P/24
P = $9000
The inheritance was $9000.
