Legal Question in Civil Litigation in California
how do you properly calculate 10% interest per annum on an amount you are seeking?
Asked on 12/01/11, 6:11 pm
3 Answers from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
0.1 * (amount)*(years+(days/365))
Answered on 12/01/11, 6:47 pm
Anthony Roach
Law Office of Anthony A. Roach
Mr. Stone has the right formula. But not everyone understands math, so what he is saying is you take the number of years since the judgment, add the additional number of days, divided by 365, and multiply that by .10.
Answered on 12/02/11, 9:59 am
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