₹1,20,000 becomes ₹1,50,528 in two years at a certain rate of compound interest, compounding annually in an investment scheme. In the same scheme, the sum of ₹P is invested and it becomes ₹3,51,232 in three years. What is the value of P?

A

3,00,000

B

2,75,000

C

2,50,000

D

2,25,000