View Full Version : Any accountants, bankers or lenders in the house?

04-02-2008, 08:38 PM
Having a bit of a brain fart:
I need the formula for figuring the princinpal if you know the rate, time and interest (simple interest). I know "i = prt", but I don't believe it's that simple for the principal.

I think I can figure out compound interest from there.

I really appreciate it.

04-02-2008, 08:48 PM
P = I/rt

04-02-2008, 08:50 PM
P = I/rt

so it IS that simple? lol. Thank you.