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okay in this video im going to show some examples together with the solutions for topic from misery no and bank discount okay before that remember for topic promissory note and bank discount we use bankers rule okay so what is bankers rule so remember banks rule o what is all ordinary simple interest okay ordinary simple interest means that in the calculation of time period t must be divided by 360. and then e here means that we use exact time okay so that is the first one remember from israeli and bank discount we use bankers rule now lets look at formulas involved under this topic okay so first we have formula maturity value so s equal to p 1 plus rt second one bank discount so bank discount is value d okay so d equivalent to s d t so remember in bank discount concept of bank discount the interest okay or the amount of bank discount must be deducted earlier so meaning to say that amount that we borrow also equivalent to amount that we pay back okay so in bank discount we use as