This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Interest in Arkansas

In Arkansas, the maximum rate of interest on a money judgment is 16% per annum. This rate is established by the Arkansas Constitution and state statute, specifically Ark. Const. amend. 89 and Ark. Code Ann. § 16-65-114. The interest accrues on the total judgment amount from the date the judgment is entered until it is paid in full. The law sets out the applicable rate and the method for its calculation. For a detailed breakdown of how this rate is applied to different judgment amounts and time periods, the official source at arkleg.state.ar.us provides the complete statutory text. The calculator below can estimate the accrued interest on a judgment based on these legal parameters.

Interest calculation example

For a Arkansas this interest calculation, use the verified rate from the current rule packet: 16%. The verified packet cites Ark. Const. amend. 89; Ark. Code Ann. § 16-65-114 (https://arkleg.state.ar.us/).

Example inputs:

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

Calculation:

• Convert the rate to a decimal: 16% = 0.16
• Multiply principal by the rate and the day fraction.
• Example interest: $1,600.00

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 Arkansas this interest calculation, use the verified rate from the current rule packet: 16%. The verified packet cites Ark. Const. amend. 89; Ark. Code Ann. § 16-65-114 (https://arkleg.state.ar.us/).

Example inputs:

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

Calculation:

• Convert the rate to a decimal: 16% = 0.16
• Multiply principal by the rate and the day fraction.
• Example interest: $1,600.00

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

Estimate your own result: every situation has exceptions that can change the outcome. Use the interest calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.