How to run interest in DocketMath for California

Interest calculation example

For a US-CA this interest calculation, use the verified rate from the current rule packet: 3.66%. The verified packet cites Cal. Code Civ. Proc. § 685.010; Cal. Civ. Code §§ 3287-3289 (https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=685.010).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 3.66% = 0.0366
• Multiply principal by the rate and the day fraction.
• Example interest: $366.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Interest calculation example

For a US-CA this interest calculation, use the verified rate from the current rule packet: 3.66%. The verified packet cites Cal. Code Civ. Proc. § 685.010; Cal. Civ. Code §§ 3287-3289 (https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=685.010).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 3.66% = 0.0366
• Multiply principal by the rate and the day fraction.
• Example interest: $366.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Interest calculation example

For a US-CA this interest calculation, use the verified rate from the current rule packet: 3.66%. The verified packet cites Cal. Code Civ. Proc. § 685.010; Cal. Civ. Code §§ 3287-3289 (https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=685.010).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 3.66% = 0.0366
• Multiply principal by the rate and the day fraction.
• Example interest: $366.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Interest calculation example

For a US-CA this interest calculation, use the verified rate from the current rule packet: 3.66%. The verified packet cites Cal. Code Civ. Proc. § 685.010; Cal. Civ. Code §§ 3287-3289 (https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=685.010).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 3.66% = 0.0366
• Multiply principal by the rate and the day fraction.
• Example interest: $366.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.