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Calculate the Paid up Value ( PV) under a policy with the following particulars:

Calculate the Paid up Value ( PV) under a policy with the following particulars:

Consolidated Reversionary Bonus declared by the insurer from March, 1990 to March 2006 is 550/- per thousand sum assured.

Bonus declared for the year ending March 2007 is @ Rs. 70/- per thousand.
A . Rs. 19,750
B . Rs. 18,000
C . Rs. 33,500
D . Rs. 31,750

Answer: C

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