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 Rhode Island

In Rhode Island, the statutory interest rate on civil judgments is set at 12% per year. This rate is established by R.I. Gen. Laws § 9-21-10, which governs post-judgment interest, and is also referenced in the state’s general interest provisions under § 6-26-1. The 12% figure applies from the date of the judgment until it is satisfied, unless a different rate is specified by contract or other law. The statute provides the framework for calculating interest, but does not list specific exceptions or factors in the text itself. For the precise statutory language and any applicable conditions, the official source is available through the Rhode Island General Assembly website. To estimate how this rate applies to a particular amount, the DocketMath calculator can compute the result based on the user’s specific judgment details.

Interest calculation example

For a Rhode Island this interest calculation, use the verified rate from the current rule packet: 12%. 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: 12% = 0.12
• Multiply principal by the rate and the day fraction.
• Example interest: $1,200.00

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 Rhode Island this interest calculation, use the verified rate from the current rule packet: 12%. 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: 12% = 0.12
• Multiply principal by the rate and the day fraction.
• Example interest: $1,200.00

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.