Bank Loan

A Miser man decided to go on a vacation for a month. He goes to the bank and asks for a trip loan of $500. The bank officer asks the man that the loan can only be approved when he mortgage some valuable thing at the bank. Miser man mortgages his only car whose worth was a whopping $80000. The Bank officer laughed at him and approve the loan instantly. After vacation when the miser man returns, the bank officer asked him "Are you an idiot, why is your mortgage such an expensive car for such a short loan?".

Miser man replied with some reason and the bank officer agreed that the miser man is actually not an idiot.

What did miser man reply to the bank loan officer?.




Similar Riddles

There is a jar in which there are two types of candies.
20 blueberries and 16 strawberries. You perform the following steps:
1) You take out two candies.
2) If the two candies are of the same flavour, you add a blueberry one otherwise, you add the strawberry one.

You repeat these two steps till there is just one candy remaining in the jar. Which flavoured candy will be left?

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There are four people in a house. A fireman, an athlete, an old woman, and a drunk guy. The house catches fire and before the fact is known, it is too late. All they know is that the entire house is in flames and it will collapse exactly after twelve minutes. Now they can move out of the house but for that, they will have to pass the hallway which is entirely blazing with flames. Thus to move, one must carry a fire extinguisher to keep the flames away. Seeking the burnt wooden floor, only two people can run through that hallway at one time. But for others to go, one must return back with the fire extinguisher. The fireman is trained for such tasks and can run through the hallway in a minute. The athlete can make it in a couple of minutes. The old woman can run slowly and will cover the hallway in four minutes. The drunk guy will take five minutes to run through it. If all of them can make it through the hallway in twelve minutes, all of them will be saved. When two move together, they will run at the speed of the slower ones.

How will all four of them manage to run to safety?

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How is the moon similar to a dollar?

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In a Society, there are over 100 flats.

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Three men in a cafe order a meal the total cost of which is $15. They each contribute $5. The waiter takes the money to the chef who recognises the three as friends and asks the waiter to return $5 to the men.

The waiter is not only poor at mathematics but dishonest and instead of going to the trouble of splitting the $5 between the three he simply gives them $1 each and pockets the remaining $2 for himself.

Now, each of the men effectively paid $4, the total paid is therefore $12. Add the $2 in the waiters pocket and this comes to $14. Where has the other $1 gone from the original $15?

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Look at the below sequence of letters and tell us what the next letter should be:

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Crossword

The day before the 1996 U.S. presidential election, the NYT Crossword contained the clue “Lead story in tomorrow’s newspaper,” the puzzle was built so that both electoral outcomes were correct answers, requiring 7 other clues to have dual responses.