Use our free Judgment Interest Calculator to accurately determine the post-judgment interest owed on a specific principal amount. This tool helps you calculate both federal and state court judgment interest, providing total interest and the final amount with ease.
Formula:
The formula for calculating judgment interest is generally based on simple interest over a specific period:
- Judgment Interest = Principal Amount × (Annual Interest Rate / 100 / 365) × Number of Days
Where:
- Principal Amount: The original judgment amount.
- Annual Interest Rate: The statutory or contractual annual rate applicable to the judgment (e.g., federal post-judgment interest rate, state statutory rate).
- Number of Days: The total number of days between the judgment start date and the calculation end date.