My friend Siddhartha Ghosh is working in the life insurance. Corporation of India (LIC). He was hired on the basis of commission and he got the bonus only on the first years commission. He got the policies of Rs. 2 lakh having maturity period of 10 years. His commission in the first second, third, fourth and for the rest of the years is 20%, 16%, 12%, 10% and 4% respectively. The bonus is 25% of the commission. If the annual premium is Rs. 20,000 then what is his total commission if the completion of the maturity of all the policies is mandatory :

My friend Siddhartha Ghosh is working in the life insurance. Corporati

1.	My friend Siddhartha Ghosh is working in the life insurance. Corporation of India (LIC). He was hired on the basis of commission and he got the bonus only on the first years commission. He got the policies of Rs. 2 lakh having maturity period of 10 years. His commission in the first second, third, fourth and for the rest of the years is 20%, 16%, 12%, 10% and 4% respectively. The bonus is 25% of the commission. If the annual premium is Rs. 20,000 then what is his total commission if the completion of the maturity of all the policies is mandatory :
Answer» RS. 174,00 Rs. 23,600 Rs. 15,000 Rs. 15,500 Answer :A