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

Mr Black, Mr Gray, and Mr White are fighting in a truel. They each get a gun and take turns shooting at each other until only one person is left. Mr Black, who hits his shot 1/3 of the time, gets to shoot first. Mr Gray, who hits his shot 2/3 of the time, gets to shoot next, assuming he is still alive. Mr White, who hits his shot all the time, shoots next, assuming he is also alive. The cycle repeats. If you are Mr Black, where should you shoot first for the highest chance of survival?

Asked by Neha on 18 Feb 2025


Two friends decide to get together; so they start riding bikes towards each other. They plan to meet halfway. Each is riding at 6 MPH. They live 36 miles apart. One of them has a pet carrier pigeon and it starts flying the instant the friends start traveling. The pigeon flies back and forth at 18 MPH between the 2 friends until the friends meet.

How many miles does the pigeon travel?

Asked by Neha on 02 Aug 2021

What is the last thing you take off before bed?

Asked by Neha on 29 Aug 2025


While handling a project, the landscaper is asked by the owner of the mansion that he wants four trees in front of his mansion that are exactly equidistant from each other.

How will he do it?

Asked by Neha on 20 Nov 2023

Distances from you to certain cities are written below.

BERLIN 200 miles

PARIS 300 miles

ROME 400 milesAMSTERDAM 300 miles

CARDIFF ??? miles

How far should it be to Cardiff ?

Asked by Neha on 25 Feb 2021

Name the three-letter word that can complete the below words:

A) L O _ _ _ E
B) E D U _ _ _ E
C) _ _ _ E R
D) _ _ _ T L E

Asked by Neha on 23 Jan 2024


I am the one who remains awake when you sleep. But I need to rest when you awake. Who Am I?

Asked by Neha on 23 Jan 2025

Analyze and find the missing item in the sequence:
16, 06, 68, 88, __, 98

Asked by Neha on 05 Apr 2025

A non-stop marathon is the shared favourite sport of three brothers.

*The oldest one is fat and short and trudges slowly on.
*The middle brother's tall and slim and keeps a steady pace.
*The youngest runs just like the wind, speeding through the race.

"He is young in years, we let him run!" the other two brothers explained, "'because though he is surely number one, he is second, in a way." Why is it?

Asked by Neha on 03 Apr 2024


What 4-letter word can be written forward, backward or upside down, and can still be read from left to right?

Asked by Neha on 14 May 2021

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Amazing Facts

Gamers

In 2011, people playing Foldit, an online puzzle game about protein folding, resolved the structure of an enzyme that causes an Aids-like disease in monkeys. Researchers had been working on the problem for 13 years. The gamers solved it in three weeks.