Tuesday, 5 April 2011

Down Payment

Answer, as given by TheGeneral: I think the flaw is in the $1 minimum interest. Even though he has $0 owing, the interest rate will round zero up to $1. The bank is not committing fraud so long as when Roy signed up, all the fees etc. were in writing and Roy signed the contract. Roy cant sue or whatever, the best thing to do would be close the account and stop getting ripped off every month.

You're absolutely right, TG! You get brownie points =). And that brings up another very important point that people don't seem to remember nowadays: Be careful what you're signing for. How many of you will read through a contract that the bank gives you before you sign it? Very few I bet. Especially with the dozens of pages that they toss your way. But you do need to know what you're putting yourself up for, be it a credit card, a mortgage, a car dealership, etc etc...

A wizard pops into his local magic store to buy a new pet toad. Unfortunately, he only has £2 on him and the toad costs quite a bit more than this. He therefore asks the shopkeeper if he can pay £1 now and the rest the following week. The kind shopkeeper agrees to this and the wizard leaves the store happy with £1 in his pocket and a toad. How much does the toad cost?
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42 comments:

  1. The Emancipator5 April 2011 at 01:04

    Yes always reading carefully though ANY type of agreement is a good idea. As for the riddle; im going to guess 7£?

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  2. pezasied5 April 2011 at 01:19

    This puzzle is meant to be said out loud, as it's a play on words. "A toad" is supposed to sound like "eight owed," so the wizard walks out of the store with £1 and eight owed. £8 plus the £1 he already payed, the total amount for the toad was £9

    My maths teacher told a similar riddle to my class a few years ago.

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  3. taio5 April 2011 at 02:53

    interesant

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  4. Unknown5 April 2011 at 03:04

    pezasied is right

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  5. Flushing the Royals5 April 2011 at 03:05

    No idea!

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  6. Jay5 April 2011 at 03:20

    good job@ pezasied!

    this reminds me of the four candles sketch by the two ronnies. :D

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  7. Nope5 April 2011 at 04:04

    So true about the contracts, but when they shove so much paper at you it's so hard to convince yourself to read it all. They should really be more forthcoming about things that effect you.

    I was stumped with this one until pezasied answered it, then I did the whole OOOHHHH thing :)

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  8. consuela bananahammoc5 April 2011 at 05:43

    Lol :D Impossible to solve for me :D

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  9. TheLanderson275 April 2011 at 06:06

    nice one pezasied

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  10. Fix PC Games Admin5 April 2011 at 06:22

    enough .. I can't solve it :D

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  11. Lenny5 April 2011 at 06:45

    i cant solve :D

    http://le-nerd.blogspot.com/

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  12. MrBunni5 April 2011 at 07:50

    I could not solve it, then i read the comments and this is a hard one!

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  13. Fang5 April 2011 at 07:57

    If you go with the puns, I'd guess it cost 9 bucks.

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  14. Cory5 April 2011 at 10:14

    puns.

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  15. The Viking5 April 2011 at 11:01

    Great, I love stuff like this! ^^

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  16. Anonymous5 April 2011 at 11:26

    Back from Holliday!
    What a way to start back into blogging.
    Im gonna go with £9.

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  17. Justin testing5 April 2011 at 13:04

    I would never have figured that out myself ._.

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  18. Sphyrix5 April 2011 at 13:58

    suprise me? :P

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  19. G33bus5 April 2011 at 14:49

    SO COOL

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  20. 1235 April 2011 at 15:49

    the answer is thirty seven pounds, obviously

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  21. Anna-Nelsey5 April 2011 at 16:58

    Huh, that's a good riddle!

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  22. Anonymous5 April 2011 at 20:17

    pezasied's got it I think.. nothing else makes sense.

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  23. LigerLily5 April 2011 at 20:18

    more than two pounds

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  24. Elliot MacLeod-Michael5 April 2011 at 20:29

    I would never have gotten that.
    +followed

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  25. schultzz5 April 2011 at 20:41

    err what??

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  26. rinns5 April 2011 at 21:06

    Haha I had to read the comments to get it.

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  27. Jblogger5 April 2011 at 21:53

    great post

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  28. parasites5 April 2011 at 22:44

    Too many numbers, IMO. Hurts my head... hehe

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  29. Lhosreiff5 April 2011 at 23:17

    Im gonna guess since £1 and a toad, sounds like "£1 and eight owed" that the toad costs £9?

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  30. marlark6 April 2011 at 00:10

    hmmmm im gonna have to say about $12.50 give or take due to the rate changing all the time, follwed u back so i can follow u back lol

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  31. Boskey6 April 2011 at 01:01

    Never heard of it! Thanks!

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  32. BM6 April 2011 at 01:34

    seeing it the first time too

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  33. Trolske6 April 2011 at 02:44

    Ok...I don't get the "sounds like" thing :'( Don't like riddles based on language in a foreign language.

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  34. seTHCox6 April 2011 at 03:14

    great I like that post more , I wanna more :D Supporing ya

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  35. Rob6 April 2011 at 04:26

    Really digging these riddles. It's nice to flex the ol' brain when you can.

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  36. Parallel-Reality Hero6 April 2011 at 04:34

    Doesn't matter. I don't like toads.

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  37. Pseudonachrichten6 April 2011 at 05:43

    nice riddle

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  38. JKS6 April 2011 at 06:54

    No idea, lol

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  39. Anonymous6 April 2011 at 07:57

    lol i wouldn' of had a clue with out the answer above

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  40. Anonymous6 April 2011 at 08:26

    great one.

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  41. -blessed b9, Catalyst4Christ6 June 2018 at 16:48

    Yes, maam, Im puzzled...

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  42. -blessed b9, Catalyst4Christ15 June 2018 at 08:18

    Im still puzzled
    as to whether
    you love God
    and everyone else...
    yet, if you do,
    you're on your way Home
    to the Great Beyond.

    Though Im still puzzled
    as to why you havent put
    your gorgeous visage on
    my followers OR havent
    answered moi, aussi, n'est-ce pas??

    We'll tok moe in Seventh-Heaven...

    ReplyDelete

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