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

2, 3, 5, 9, 17, _ What is the next number in the sequence?

Asked by Neha on 09 Oct 2021


What kind of storm is always in a rush?

Asked by Neha on 16 Jan 2024

What does this rebus mean?

O
N
C
E
TIME

Asked by Neha on 22 Feb 2025


What you cannot hold but it is yours?

Asked by Neha on 28 Dec 2024

Find the combined weight of the Cat, Dog and Rabbit in the given picture.

 Weight of Animals

Asked by Neha on 17 Jan 2024

At the local model boat club, four friends were talking about their boats.

There were a total of eight boats, two in each colour, red, green, blue and yellow. Each friend owned two boats. No friend had two boats of the same colour.

Alan didn't have a yellow boat. Brian didn't have a red boat but did have a green one. One of the friends had a yellow boat and a blue boat and another friend had a green boat and a blue boat. Charles had a yellow boat. Darren had a blue boat, but didn't have a green one.

Can you work out which friend had which coloured boats?

Asked by Neha on 15 Jan 2024


What begins with T, ends with T, and has T in it?

Asked by Neha on 15 Oct 2021

Only one colour, but not one size,
Stuck at the bottom, yet easily flies.
Present in sun, but not in rain,
Doing no harm, and feeling no pain.
What is it?

Asked by Neha on 17 May 2021

A Car driver was heading down a street in Washington. He went right past a stop sign without stopping, he turned left where there was a 'no left turn' sign and he went the wrong way on a one-way street. Then he went on the right side of the road past a cop car. Still, he didn't break any traffic laws. Why not?

Car Driver Going Wrong

Asked by Neha on 03 Mar 2021


A woman lives in a skyscraper thirty-six floors high and is served by several elevators which stop at each floor going up and down. Each morning she leaves her apartment and goes to one of the elevators. Whichever one she takes is three times more likely to be going up than down. Why?

Asked by Neha on 01 Nov 2024

Hot Articles

Amazing Facts

Artificial Intelligence

Artificial Intelligence has crushed all human records in the puzzle game “2048,” achieving a high score of 839,732 and beating the game in only 973 moves without using any undo.