innerhalb
within
Indicates a period of time in which something happens or must happen. Takes the genitive.
Die Rechnung muss innerhalb von 14 Tagen bezahlt werden.
The invoice must be paid within 14 days.

within / inside
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within
Indicates a period of time in which something happens or must happen. Takes the genitive.
Die Rechnung muss innerhalb von 14 Tagen bezahlt werden.
The invoice must be paid within 14 days.

The word is composed of `innen` (inside) and `halb` (half/side). It literally describes the inner area of something, which clearly explains the meaning 'inside of'.
Innerhalb der alten Stadtmauern gibt es viele kleine Geschäfte.
Within the old city walls, there are many small shops.
`innerhalb` (within/inside) is a preposition that requires the genitive. The noun that comes after `innerhalb` must therefore be in the genitive.
Bitte erledigen Sie die Aufgabe innerhalb der nächsten Woche.
Please complete the task within the next week.
In spoken language, the genitive after `innerhalb` (within/inside) is often replaced by the construction `von` + dative. This form is very common, but in written language it is considered less formal.
Du musst das innerhalb von einer Woche schaffen.
You have to manage that within one week.
When `innerhalb` (from inside) is used as an adverb, it appears without a noun in the genitive. It then refers to a place and means 'on the inside'.
Die Wände sind von innerhalb gut isoliert.
The walls are well insulated from the inside.
in
'in' and 'innerhalb' can both express that something is located in a space, area, or period of time. 'in' is very general and the most common in everyday language: something is 'in der Stadt' (in the city), 'in der Schule' (at school), or 'in einer Woche' (in one week). 'innerhalb' sounds more precise and emphasizes a boundary. With time, it often means that something happens by the end of a deadline at the latest. With places, it clearly means: not outside, but within the boundaries of something. Learners may confuse the words because both can express 'inside' or 'within a period of time'. 'innerhalb' is especially suitable for deadlines, rules, and clear boundaries.

Die Antwort muss innerhalb einer Woche kommen.
The answer must come within one week.
Leon wartet im Supermarkt an der Kasse.
Leon is waiting at the checkout in the supermarket.