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

In Kansas, small claims court judgments may include an interest award to compensate the prevailing party for the delayed payment of the award amount. To calculate the interest owed, you must first determine the applicable interest rate. In Kansas, small claims court judgments generally use the legal interest rate of 10% per year. To figure out the interest owed, you must first figure out the amount of time the judgment has gone unpaid. Once you have the number of days unpaid, you must convert it to a fraction of a year. To do so, divide the number of days unpaid by 365 (the number of days in a year). Multiply this fraction by the 10% annual interest rate and the amount of the judgment to get the total interest owed. For example, if the judgment is $1,000 and has been unpaid for 150 days, the calculation is (150/365) x 10% x $1,000 = $41.10 in interest owed.

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

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