Simple Interest Year
1. **State the problem:** Ellie invested some money in a bank account with simple interest at 14% per annum. We know the amounts at the end of 2010 and 2015, and we want to find the year she invested the money.
2. **Define variables:** Let $P$ be the principal (initial amount invested), $r = 0.14$ the interest rate per year, and $t$ the number of years from the investment year to 2010.
3. **Use the simple interest formula:** The amount $A$ after $t$ years is given by
$$A = P(1 + rt)$$
4. **Set up equations:**
- At the end of 2010: $$871.20 = P(1 + 0.14t)$$
- At the end of 2015 (which is 5 years later): $$1179.20 = P(1 + 0.14(t + 5))$$
5. **Express $P$ from the first equation:**
$$P = \frac{871.20}{1 + 0.14t}$$
6. **Substitute $P$ into the second equation:**
$$1179.20 = \frac{871.20}{1 + 0.14t} \times (1 + 0.14(t + 5))$$
7. **Simplify the right side:**
$$1179.20 = 871.20 \times \frac{1 + 0.14t + 0.14 \times 5}{1 + 0.14t} = 871.20 \times \frac{1 + 0.14t + 0.7}{1 + 0.14t} = 871.20 \times \frac{1.7 + 0.14t}{1 + 0.14t}$$
8. **Multiply both sides by denominator:**
$$1179.20 (1 + 0.14t) = 871.20 (1.7 + 0.14t)$$
9. **Expand both sides:**
$$1179.20 + 1179.20 \times 0.14 t = 871.20 \times 1.7 + 871.20 \times 0.14 t$$
$$1179.20 + 165.088 t = 1481.04 + 121.968 t$$
10. **Group like terms:**
$$165.088 t - 121.968 t = 1481.04 - 1179.20$$
$$43.12 t = 301.84$$
11. **Solve for $t$:**
$$t = \frac{301.84}{43.12} \approx 7$$
12. **Interpret $t$:** $t$ is the number of years from the investment year to 2010, so the investment year is
$$2010 - 7 = 2003$$
**Final answer:** Ellie invested the money in the year **2003**.