[Ellla]

I issued a writ of fifa. Debts are collected by enforcement agency. Unfortunately I forgot to calculate the interest rate of 8% (annual). Firstly I thought the Court would do it. Now, I have been advised to review the writ and to apply for interest. But how do I do it? Is there more to consider as calculating 8% from the amount multiplied by the years when the debtor did not pay?

[ROLCAM]

8% Compound Interest works as follows:-

Year 1 Multiply by 1.08.
Year 2 Multiply by1.08*1.08= 1.1664
Year 3 Multiply by 1.1664*1.08
=1.259712
Following this pattern.