Judgment Interest Calculator

An interest given by the court to the loser of a judgment is called as the judgment interest. The rate is set by the Supreme Court of the state. Until the Judgement is succeeded, the amount to be paid will be increasing. It can also be termed as judicial or civil suit interest. Use this calculator to find your daily judicial and the accrued interest.

Civil Suit Interest Calculator

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An interest given by the court to the loser of a judgment is called as the judgment interest. The rate is set by the Supreme Court of the state. Until the Judgement is succeeded, the amount to be paid will be increasing. It can also be termed as judicial or civil suit interest. Use this calculator to find your daily judicial and the accrued interest.

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Formula:

No. of Days = (Current Time Stamp - Judgement Time Stamp) / 1000 / 60 / 60 / 24 Daily Interest (DI) = (((Amount * (Rate of Interest (IR) / 100)) / 365) * 100) / 100 Interest Accrued (IA) = (No. of Days * DI * 100) / 100 Current Value = Amount + IA

Example

Civil Suit Interest Calculation

The amount of judgement is 10000 $, and judgement was awarded on 5.2.2014 and the IR is 4.00 %, then
DI = (((10000 * (4 / 100)) / 365) * 100) / 100
DI = 1.0959

No. Of days = (3/8/15 - 5/2/14) / 1000 / 60 / 60 / 24
No. Of days = 458

IA = (458 * 1.0959 * 100) / 100
IA = 501.9178 $

Current Value = 10000 + 501.9178
Current Value = 10501.91 $


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