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

In Delaware, interest on a small claim court judgment is calculated using the legal rate of interest. The legal rate of interest is the same for all judgments and is determined by the Delaware Code. The legal rate of interest for a small claims court judgment is 5% per year. To calculate the amount of interest due, you need to know the amount of the claim and the length of time that has passed since the judgment was entered. To calculate the amount of interest due, you need to multiply the amount of the claim by the length of time since the judgment was entered, in months, and then multiply that number by 0.005. For example, if a judgment was entered for $100 and the amount of time that has passed since the judgment was entered is 24 months, then the amount of interest due would be $12. To calculate this amount, you would multiply $100 by 24 months and then multiply that number by 0.005, which is equal to $12. It is important to note that interest is only applied to judgments that have not been paid in full. If a judgment has been paid in full, then no interest is due. It is also important to keep in mind that the amount of interest due can change over time, as the legal rate of interest can fluctuate.

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

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