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

Make eight squares by moving only two matchsticks.
Note- Square can be of different sizes.

Make the Square

Asked by Neha on 12 Apr 2021


Find the missing letter in the last circle logically in the given below picture.

Apply Logic in Alphabet

Asked by Neha on 02 Apr 2024

Joseph buys three kinds of chocolates for 100 rupees. The first one is priced at 5 rupees, second one at 3 rupees and third one at 0.5 rupees.

If he bought 100 chocolates in total, how many pieces do you think he bought each chocolate?

Asked by Neha on 04 Jan 2021


Imagine you are in a room with no windows or doors. How will you get out?

Asked by Neha on 25 Oct 2025

Client Dempsey living in one of the East Coast states of the U.S. was talking to Landon Donovan, who was living in the West Coast state of the U.S.

Dempsey: What time is it?
Donovan: Wow, It is the same time here.

How is this possible?

Asked by Neha on 30 Apr 2025

My location can be determined by the below rebus.
So where am i ?

Find my Location

Asked by Neha on 15 Aug 2021


Speaking of rivers, a man calls his dog from the opposite side of the river. The dog crosses the river without getting wet, and without using a bridge or boat. How?

Asked by Neha on 16 Mar 2025

Is the statement valid that it does not matter how much older a sibling is, eventually the younger one will be half as old as the older one?

Asked by Neha on 23 Feb 2023

A research team went to a village somewhere between the jungles of Africa. Luckily for them, they reached the day when quite an interesting custom was to be performed. The custom was performed once a year as they confirmed and was performed in order to collect the taxes from every male of the region.

The taxes were to be paid in the form of grains. Everyone must pay pounds of grain equaling his respective age. This means a 20-year-old will have to pay 20 pounds of grain and a 30-year-old will pay 30 pounds of grain and so on.

The chief who collects the tax has 7 weights and a large 2-pan scale to weigh. But there is another custom that the chief can weigh only three of the seven weights.

Can you find out the weights of the seven weights? Also, what is the maximum age of the man that can be weighed for the payment of taxes?

Asked by Neha on 12 Jan 2025


You are in a room that has three switches and a closed door. The switches control three light bulbs on the other side of the door. Once you open the door, you may never touch the switches again. How can you definitively tell which switch is connected to each of the light bulbs?

Asked by Neha on 02 Jul 2025

Hot Articles

Amazing Facts

Gambling

In Canada, a mathematical puzzle must be solved in order to win the lottery to classify it as a “game of skill” not gambling.