Small Claims Interest: $1,000 at 10% for 1 Year
A principal of $1,000 at 10% annual interest for 365 days accrues $100 in interest.
How to use this tool
- Enter principal amount, annual interest rate and days elapsed in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your interest accrued and the full breakdown beneath it.
Calculate the interest owed on a $1,000 small claims judgment at a 10% annual rate after one year.
Frequently asked questions
- What is pre-judgment interest?
- Pre-judgment interest compensates the winning party for the time value of money between when the debt arose and when judgment is entered. Courts apply either the statutory rate or the contract rate.
- Is interest compounded in small claims?
- Most jurisdictions apply simple interest (not compound) for pre-judgment purposes. Post-judgment interest rules differ and may compound.
- What rate should I use?
- Use the rate specified in your contract, or look up your state's statutory post-judgment or pre-judgment interest rate. Common US rates range from 5% to 12% per year.