### How do I calculate my interest?

A basic method for calculating simple interest on a judgment:

• Step 1: Multiply $ (judgment) X (interest) % = (annual interest rate due)

• Step 2: Divide (annual rate) by 365 = (daily interest amount)

• Step 3: Multiply the daily interest amount times the number of days since the judgment was entered. (Note: every time a payment is made the interest must be recalculated.) **Resources:**

• Rate of interest for loan; interest on judgments A.R.S. § 44-1201