How do I calculate the amount of interest owed on a small claims court judgment?

In Hawaii, the amount of interest owed on a small claims court judgment is determined by the amount of the judgment and the date the judgment was entered. Interest begins to accrue on the judgment from the date of entry and is calculated at a rate of 10% per year. In order to calculate the amount of interest owed on a small claim court judgment, one must first find out the amount of the judgement, the date the judgement was entered, and calculate the amount of time that has passed since the judgement was entered. Once the amount of the judgement, the date of entry, and the amount of time that has passed since the judgement has been determined, one can use the following formula to calculate the amount of interest owed: (amount of judgment x 10% x the number of years since the judgement was entered) / 12. For example, if a judgement of $2000 is entered on January 1, 2020, and the amount of interest is being calculated on May 15, 2021, the amount owed would be calculated as follows: ($2000 x 10% x 1.5 years) / 12 = $25. It is important to note that interest is a form of damages that can be calculated by the court, so even if interest is not specifically mentioned in the judgement, it may still be collected by the court if one has the judgement entered on the court’s judgment and lien registration system.

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How do I calculate the amount of interest owed on a small claims court judgment?

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