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 Logic Riddles

This is a famous paradox which has caused a great deal of argument and disbelief from many who cannot accept the correct answer. Four balls are placed in a hat. One is white, one is blue and the other two are red. The bag is shaken and someone draws two balls from the hat. He looks at the two balls and announces that at least one of them is red. What are the chances that the other ball he has drawn out is also red?

Asked by Neha on 17 Oct 2024


A game is being played where eight players can last for thirty-five minutes. Six substitutes alternate with each player in this game. Thus, all players are on the pitch for the same amount of time including the substitutes.

For how long is each player on the pitch?

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If we change the South-East direction into North and North-East into West and all others similarly.
Can you find out which direction will be in the place of South-West direction?

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Rahul decided to meet Simran so he boards a local train from Bombay station. Just after the station, there is a 1km long tunnel. The train starts and is now accelerating. Rahul is a claustrophobic guy, so what is the best position for him to sit?

Asked by Neha on 25 Mar 2023

A man is trapped in a room. The room has only two possible exits doors. Through the first door there is a room constructed from magnifying glass. The blazing hot sun instantly fries anything or anyone that enters. Through the second door there is a fire-breathing dragon. How does the man escape?

Asked by Neha on 09 Jan 2021

There were three women in all the swimming costumes!
One was happy and the other two were sad!
The happy one was crying and the sad ones were smiling.
Why was this?

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Two old friends, Jack and Bill, meet after a long time.

Three kids
Jack: Hey, how are you, man?
Bill: Not bad, got married and I have three kids now.
Jack: That's awesome. How old are they?
Bill: The product of their ages is 72 and the sum of their ages is the same as your birth date.
Jack: Cool..But I still don't know.
Bill: My eldest kid just started taking piano lessons.
Jack: Oh, now I get it.

How old are Bill's kids?

Asked by Neha on 21 Apr 2021

Sally lives in a place where six months of the year is mild summer and the temperature drops significantly the other six months. She owns a lake where there is a small island. She wants to build a house on the island and needs to get materials there. She doesn’t have a boat, plane, or anything to transport them to the island. How does Sally solve this problem?

Asked by Neha on 09 Jun 2025

If we tell you that there is a relation between the numbers and letters in the given figure, can you analyze it and find the missing letter in the last box?

Relationship in Numbers and Letters

Asked by Neha on 11 Jun 2023


You walk into a room that contains a match, a kerosene lamp, a candle and a fireplace. What would you light first?

Asked by Neha on 16 May 2022

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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.