How is interest claimed on a specified claim formulated?

The correct formulation for claiming interest on a specified claim involves citing an exact rate of interest along with the relevant time frame for which this interest is being calculated. By specifying a rate, such as "X% pursuant to clause X from DATE to DATE," the claimant provides clarity and context regarding how interest is being applied. This not only establishes the legal basis for the claim by referencing a specific clause, but it also indicates the period during which the interest accrues, thereby making the claim more precise and enforceable.

Including both the rate and the applicable dates helps to avoid ambiguity and ensures that both parties are aware of the total calculations involved. This is crucial for effective legal drafting, as it reduces the likelihood of disputes over the interest component of the claim and provides a clear basis for the claimant's expectation.

Other options, while related to the concept of claiming interest, do not capture the necessary specificity that is present in the correct answer. Simply stating a common law basis or claiming interest on total damages without reference to an agreement or specific time frame lacks the detail required for a well-formulated legal claim.