#### 50 Monthly subsidy—average monthly interest (1) Average monthly interest is the amount worked out in accordance with the following formula: ![Start formula Average monthly interest equals start fraction open bracket Monthly repayment times 300 close bracket minus Loan capital over 300 end fraction end formula](image.003.png) > Note: The loan capital is worked out under section 51. (2) The monthly repayment, for the formula in subsection (1), is the amount worked out in accordance with the formula: ![Start formula Monthly repayment equals Loan capital times open bracket start fraction Median interest rate over 1 minus open bracket 1 plus Median interest rate close bracket start superscript minus 300 end superscript end fraction close bracket end formula](image.004.png) > Note 1: The loan capital is worked out under section 51. > Note 2: The median interest rate is worked out under section 53.

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