Trainguy -
That has been discussed previously. However, if you have a preload of "P" and add an applied load, "F", the bolt elongates (reducing the clamped load). For the bolt to elongate you MUST have increased the stress/force acting on the bolt. So the rule the if F<P the bolt doesn't seem right. Maybe it is accurate as a rule of thumb, but not exact.
I have been looking at this and done some calculations. I have simplified the problem to be a bolt going through a round tube. This way, when the bolt is preloaded, I can determine the compression of the tube (since I know the cross-sectional area, where-as with clamped members the behavior would be different depending on bolt head size and how the load is transfered through the plates at the connection). Then, I looked at what happens when a force is applied and set the length of the bolt equal to the length of the tube and solve for the clamping force. If everything is correct in my calculation, the force acting on the bolt when a force is applied is ALWAYS greater than just the preload, even when the force is much smaller than the preload.
As an example, I used a 1/2"-13NC bolt going through a tube with OD 1", ID 17/32", a free length of 2", Preload of 7,344 lb, Applied Force of 1,000 lb. Both the bolt and tube have a modulus of elasticity of 29E6 psi.
The clamp load ends up at 6,547 lb. So the total force on the bolt (clamp load + applied force) is 7,547 lb.
Increasing the applied load to 7,000 lb gives a total load of 8,767 lb. So the effect of the applied load is definately less, but if it were assumed that it had no effect and the load was just equal to the preload, there is a difference of almost 20%. Not too bad for a "rule of thumb", but not really good approximation either.
So clearly, the total load is greater than the preload, but less than the preload plus the applied load.
Again, this assumes a bolt running through a tube which is basically useless in practical applications (nevermind that stress concentrations, sticking of materials, etc were ignored). I do not intend to imply that what I have done is quanitatively accurate, but I do think it is qualitatively reasonable.
-- MechEng2005