Interest Calculator
Overview - Interest is sometimes paid on workers' compensation benefits or bills that have accrued over time. Interest runs from the due date to the date payment is made (Minn. Stat. ยง176.221(7)). InterestCalc follows the formulas prepared by the Minnesota Department of Labor and Industry. Click here for examples, interest rates, and more information about how Interest Calc works.

Enter data to compute the number of weeks between two dates:
Should have paid date (mm/dd/yyyy)
Actual paid date (mm/dd/yyyy)

OR, start here if you know the number of weeks:
Number of weeks
Interest Rate
Indicate on what type of payments
 
interest should be calculated
 
Amount
 


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The WCRA calculators are provided as a free service to our members.  No guarantee, explicit or implied, is made by the WCRA  regarding their accuracy or suitability for a specific purpose.  No use of these calculators for commercial or educational purpose is permitted without identifying them as a service developed and provided by the WCRA. Use of the calculators on this site constitutes acknowledgment and acceptance of these terms.

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