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

In New Hampshire, if a small claims court judgment is not paid within 30 days, interest is automatically added to the amount owed. The interest rate is calculated on the amount of the judgment from the date of entry, and interest is charged until the judgment is paid in full. To calculate the amount of interest owed on a small claims court judgment, follow these steps: 1. Determine the total amount of the judgment. 2. Calculate the interest rate on the judgment. In New Hampshire, small claims court judgments are charged the current rate, which is 1% per month. 3. Multiply the amount of the judgment by the interest rate per month to determine the amount of interest owed. For example, if the judgment is $500, the interest rate per month is 1%, and the judgment has been unpaid for 3 months, the interest owed would be calculated as follows: 500 x .01 x 3 = $15.00 Therefore, the amount of interest owed on the small claims court judgment is $15.00.

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

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