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

You see a boat filled with people, yet there isn’t a single person on board. How is that possible?

Asked by Neha on 16 May 2022


Can you convert the number zero(0) into a positive number using just one mathematical operator ?

Asked by Neha on 16 Mar 2024

There are hundred red gems and hundred blue gems. The blue gems are priceless while the red gems equal wastage. You have two sacks one labeled Heads and the other Tails. You have to distribute the gems as you want in the two sacks. Then a coin will be flipped and you will be asked to pick up a gem randomly from the corresponding sacks.

How will you distribute the gems between the sacks so that the odds of picking a Blue gem are maximum?

Asked by Neha on 29 May 2023


If you remove one from eleven, it becomes ten. If you remove one from nine, it becomes ten.

How is this possible?

Asked by Neha on 25 Sep 2023

A Car is crossing a bridge 2 miles long. The bridge can only hold 10000 lbs, which is the exact weight of the car. The Car makes it half way across the bridge and stops. A bird lands on the car. Does the bridge collapse? Explain.

Asked by Neha on 31 May 2024

It is a nine-letter word.
The exact opposite of the phrase "friendly and outgoing"
It contains the word "over".
It starts will a vowel.

What is it?

Asked by Neha on 25 Mar 2025


I know a ten-letter word in the English language which can be typed using only the top rows of the computer keyboard.

Asked by Neha on 18 May 2024

A word I know,
Six letters contain,
Subtract just one,
And twelve is what remains.

Asked by Neha on 18 Feb 2024

Jenifer and Jesica are having a conversation.

Jenifer: I am definitely not over 30.
Jesica: I am 28 and you are surely 5 years older to me at least.
Jenifer: No, you are at least 29.

You are told that both of them are lying throughout in the conversation. Can you find their respective ages?

Asked by Neha on 18 Jul 2021


Which letter of the alphabet has the most water?

Asked by Neha on 03 Aug 2025

Hot Articles

Amazing Facts

No Solution

In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki