The old one was: Out of date
The new one is: Different
He said: My password is "Out of date." And the boss told him the new one when he said: "The password is different."
Answer:- Imagine that instead of the same monk walking down the mountain on the second day, that it was actually a different monk. Let's call the monk who walked up the mountain monk A, and the monk who walked down the mountain monk B. Now pretend that instead of walking down the mountain on the second day, monk B actually walked down the mountain on the first day (the same day monk A walks up the mountain).
Monk A and monk B will walk past each other at some point on their walks. This moment when they cross paths is the time of day at which the actual monk was at the same point on both days. Because in the new scenario monk A and monk B MUST cross paths, this moment must exist.