Sohan borrowed money at the rate of 20% per annum on compound interest, interest was compounding annually and he paid it in three equal instalments, each instalment was to be paid at the end of every year. If each instalment was for ₹1,250, then the money borrowed by Sohan was (nearest integral value):

A

₹2,633

B

₹4,860

C

₹2,466

D

₹4,660