Calculating Accrued Judgment Interest

Example:

Assume
    Judgment Principal        $2,500.00
    Rate of Interest Awarded    9.0%
    Date Interest Awarded    2/15/98
    Return Date    7/18/00

Multiply the rate of interest awarded at judgment and the amount of the judgment principal to compute the amount of interest per year.

    $2,500 X .09 = $225.00

Divide the annual interest by 12 to compute the monthly interest.

    $225.00/12 = $18.75

Multiply the monthly interest by the total number of months from the award date to the return date to compute the total interest. due.

    $18.75 X 29 = $543.75