₹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?
1
3,00,000
2
2,25,000
3
2,75,000
4
2,50,000