Developer's DescriptionBy SilverWings SoftwareCalculate loan interests.This handy little program calculates simple interest when you know the loan amount (principal), the interest rate, and the term of the loan (in years). It uses the stadard formula I=PxRxT. Make sure to enter interest rate as a DECIMAL (i.e. 0.10 for 10%). This version is the first release on CNET Download.com.