Interest = Principal × Interest Rate × Number of Days ÷ 36500Total = Principal + Interest
$ 10,000, Legal Interest (9%), 30 days:
Principal: $ 10,000Interest Rate: 9% (yearly)Number of Days: 30Interest: 10,000 × 9 × 30 ÷ 36500 = $ 73.97Total: 10,000 + 73.97 = $ 10,073.97
These calculations are for general informational purposes only.
Always consult your lawyer in legal proceedings.
Interest rates are subject to change, please check current rates.