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

The warden meets with 23 new prisoners when they arrive. He tells them, "You may meet today and plan a strategy. But after today, you will be in isolated cells and will have no communication with one another.

"In the prison is a switch room, which contains two light switches labeled 1 and 2, each of which can be in either up or the down position. I am not telling you their present positions. The switches are not connected to anything.

"After today, from time to time whenever I feel so inclined, I will select one prisoner at random and escort him to the switch room. This prisoner will select one of the two switches and reverse its position. He must flip one switch when he visits the switch room, and may only flip one of the switches. Then he'll be led back to his cell.

"No one else will be allowed to alter the switches until I lead the next prisoner into the switch room. I'm going to choose prisoners at random. I may choose the same guy three times in a row, or I may jump around and come back. I will not touch the switches, if I wanted you dead you would already be dead.

"Given enough time, everyone will eventually visit the switch room the same number of times as everyone else. At any time, anyone may declare to me, 'We have all visited the switch room.'

"If it is true, then you will all be set free. If it is false, and somebody has not yet visited the switch room, you will all die horribly. You will be carefully monitored, and any attempt to break any of these rules will result in instant death to all of you"

What is the strategy they come up with so that they can be free?

Asked by Neha on 10 May 2021


Find the next number in the series?
2, 12, 36, 80, 150, 252, 392, _ ?

Asked by Neha on 22 Jan 2024

Can you think of a smallest +ve number such that if we shuffle the digits of the number, the new number becomes double the original number?

Asked by Neha on 25 Feb 2024


A Child was born in Lahore, Pakistan. Still, the child is not a Pakistani citizen. why?

Asked by Neha on 02 Mar 2023

In the given picture, in how many ways can you read the word "Tiger"?

Read Word Tiger

Asked by Neha on 21 May 2023

Two boys were admitted to a school. When the headmaster asks them about their parents, they tell him that they have same parents (father and mother). On further inquiry, it turns out that they both share the same date for their birthday.

"Are you twins," ask the headmaster.
"No," replies the boys.

Is it possible?

Asked by Neha on 22 Feb 2024


In a picnic session, a footballer was practicing. During his play, he busted lips and ears and broke ribs and thighs. However, he was still able to play a professional match on the very next day.



How can this be possible?

Asked by Neha on 20 Jan 2021

It has five wheels, though often think four, You cannot use it without that one more, You can put things in it, you can strap things on top, You can't find it in the market, but you can still go shop. What is it?

Asked by Neha on 17 May 2021

What 8 letter word can have a letter taken away and it still makes a word. Take another letter away and it still makes a word. Keep on doing that until you have one letter left. What is the word?

Asked by Neha on 18 Mar 2022


Why do people go to bed?

Asked by Neha on 08 Jan 2024

Hot Articles

Amazing Facts

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.