Question:
How much interest did Thomas pay to the bank? (Thinking out of the Box : Lateral Thinking)
How much interest did Thomas pay to the bank? (Thinking out of the Box : Lateral Thinking)
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This story is a classic example of lateral thinking—Thomas used a million-dollar Ferrari as collateral just to get cheap parking in New York!
Updated On: Jan 14, 2026
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Solution and Explanation
Step 1: Mathematical Logic - Thomas borrowed $5,000 for two weeks at an interest rate of 15% per annum. The calculated interest for that short period came to approximately $15.
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