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