## Interest calculation example

For a US-RI this interest calculation, use the verified rate from the current rule packet: **3.66%**. The verified packet cites R.I. Gen. Laws § 9-21-10, § 6-26-1 (http://webserver.rilegislature.gov/Statutes/TITLE9/9-21/9-21-10.HTM).

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-RI this interest calculation, use the verified rate from the current rule packet: **3.66%**. The verified packet cites R.I. Gen. Laws § 9-21-10, § 6-26-1 (http://webserver.rilegislature.gov/Statutes/TITLE9/9-21/9-21-10.HTM).

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-RI this interest calculation, use the verified rate from the current rule packet: **3.66%**. The verified packet cites R.I. Gen. Laws § 9-21-10, § 6-26-1 (http://webserver.rilegislature.gov/Statutes/TITLE9/9-21/9-21-10.HTM).

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-RI this interest calculation, use the verified rate from the current rule packet: **3.66%**. The verified packet cites R.I. Gen. Laws § 9-21-10, § 6-26-1 (http://webserver.rilegislature.gov/Statutes/TITLE9/9-21/9-21-10.HTM).

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.


A step-by-step DocketMath guide for interest in Rhode Island.

How to run interest in DocketMath for Rhode Island

ANO-831 verification 2026-04-24: removed fabricated penalty cites (§ 6-1-1/-2), fabricated late-payment prime+3 formula, fabricated 18% child-support rate, fabricated UCC Article 4 escrow authority, fabricated § 34-18-19 5% security-deposit interest, and fabricated § 9-21-10(a)/(b) subsection structure with 2016 amendment. Core 12% rates under § 9-21-10 and § 6-26-1 confirmed via webserver.rilegislature.gov.

ANO-831 fabrication sweep complete; rates: judgment 12%, prejudgment 12%, legal 12%, escrow/security_deposit not_regulated.

(a) Persons empowered to bring a civil action A civil action may be brought— (1) by a participant or beneficiary— (A) for the relief provided for in subsection (c) of this section, or (B) to recover benefits due to him under the terms of his plan , to enforce his rights under the terms of the plan , or to clarify his rights to future benefits under the terms of the plan ; (2) by the Secretary , or by a participant , beneficiary or fiduciary for appropriate relief under section 1109 of this title ;

to recover benefits due to him under the terms of his plan , to enforce his rights under the terms of the plan , or to clarify his rights to future benefits under the terms of the plan

In any civil action in which a verdict is rendered or a decision made for pecuniary damages, there shall be added by the clerk of the court to the amount of damages interest at the rate of twelve percent (12%) per annum thereon from the date the cause of action accrued, which shall be included in the judgment entered therein. Post-judgment interest shall be calculated at the rate of twelve percent (12%) per annum and accrue on both the principal amount of the judgment and the prejudgment interest entered therein. This section shall not apply until entry of judgment or to any contractual obligation where interest is already provided.

(a) In any civil action in which a verdict is rendered or a decision made for pecuniary damages, there shall be added by the clerk of the court to the amount of damages interest at the rate of twelve percent (12%) per annum thereon from the date the cause of action accrued, which shall be included in the judgment entered therein. Post-judgment interest shall be calculated at the rate of twelve percent (12%) per annum and accrue on both the principal amount of the judgment and the prejudgment interest entered therein.

Post judgment interest on any judgment, and interest in all business transactions where interest is secured or paid, shall be computed at the rate of twelve dollars ($12.00) on one hundred dollars ($100) for one year, unless a different rate is expressly stipulated.

(a) Subject to the provisions of title 19, no person, partnership, association, or corporation loaning money to or negotiating the loan of money for another, except duly licensed pawnbrokers, shall, directly or indirectly, reserve, charge, or take interest on a loan, whether before or after maturity, at a rate that shall exceed the greater of twenty-one percent (21%) per annum or the alternate rate specified in subsection (b) of this section of the unpaid principal balance of the net proceeds of the loan not compounded, nor taken in advance, nor added on to the amount of the loan.

(a) A landlord may not demand or receive a security deposit, however denominated, in an amount or value in excess of one month’s periodic rent. (b) Upon termination of the tenancy, the amount of security deposit due to the tenant shall be the entire amount given by the tenant as a security deposit, minus any amount of unpaid accrued rent, the amount due, if any, for reasonable cleaning expenses, the amount due, if any, for reasonable trash disposal expenses and the amount of physical damages to the premises, other than ordinary wear and tear, that the landlord has suffered by reason of the tenant’s noncompliance with § 34-18-24, all as itemized by the landlord in a written notice delivered to the tenant.

interest in US-RI is governed by R.I. Gen. Laws § 9-21-10, § 6-26-1.