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

Detective John was investigating a murder in China.
It was a difficult case, and John was completely stumped until he noticed a message sent to him by the killer cunningly hidden in a newspaper advertisement selling Car Licence Plates.
Detective John thought about it for a while, and when he had solved the puzzle, immediately arrested the guilty man.

Q1) How did John know the advert was a clue for him?

Q2) Solve the code and tell me who John arrested.

This is the newspaper advert (Car licence plates for sale) that Detective John saw.

Plates For Sale;

[W 05 NWO]
[H 13 HSR]
[O 05 EBM]
[D 08 UNE]
[U 10 HTY]
[N 04 BRE]
[N 16 TTE]
[I 26 LHC]
[T 10 AEE]
[I 26 CNA]
[X 22 VDA]

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what's the probability of getting a king or a queen from a pack of 52 cards?

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What country can make you shiver?

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Out of four images which one is the odd one out?

Odd one out

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There are three boxes on a table. One of the box contains Gold and the other two are empty. A printed message contains in each box. One of the message is true and the other two are lies.

The first box says "The Gold is not here".

The Second box says "The Gold is not here".

The Third box says "The Gold is in the Second box".

Which box has the Gold?

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Below, you will find the mathematical proof that 10 equals 9.99999?. But is that possible or there is something wrong about it? Can you find the error?

x = 9.999999...
10x = 99.999999...
10x - x = 90
9x = 90
x = 10

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A dying old man wants to divide his entire land between his only two sons. Since his only wish is to treat them as equal as both of them have been too good to him, he wants to divide his land equally between them. The problem is that the land is significantly irregular in shape and thus there is no choice of cutting them into two equal halves.

Can you help him divide the land in a manner that both of his sons will be happy?

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There are a hundred statements.

First person says: At least one of the statements is false.

Second person says: At least two of the statements is false.

Third person says: At least three of the statements are false.

Fourth person says: At least four of the statements are false.

..

..

..

Hundredth person says: At least a hundred of the statements are false.

Analysing it, how many statements do you think are false and how many are true?

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You board a train. The train will have to enter a tunnel soon. You are claustrophobic. Which place is the best for you to sit?

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Using eight eights and addition only, can you make 1000?

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Challenging

There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.