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    Dobi's Avatar
    Dobi Posts: 2, Reputation: 1
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    #1

    Apr 6, 2008, 11:53 AM
    What is the formula for interest expense
    Hi,

    What is the formula for interest expense on income statement.


    Thank you

    Dobi
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 6, 2008, 01:26 PM
    In what context?

    The formula for interest dollar amount is principal x rate x time.

    But the number that actually shows up in the expense account itself may not be that same number, depending on the circumstances. So you're going to have to be more specific.

    (You can easily not be aware that this can applied in different ways. But from my point of view, I don't know what you're doing.)
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