$SI = \dfrac{PRT}{100}$
$\implies SI= \dfrac{P \times 10 \times 3}{100}$
$\implies SI= \dfrac{30P}{100}$
$\implies SI = 0.3P \quad \rightarrow(1)$
$A = P\left(1+\dfrac{R}{100}\right)^{T}$
$A = P\left(1+\dfrac{10}{100}\right)^{3} = P(1.1)^{3} = 1.331\;P$
Now, $CI = A-P = 1.331\;P – P = 0.331\;P$
And, $CI – SI = 77.5$
$\implies 0.331P – 0.3P = 77.5$
$\implies 0.031 P = 77.5$
$\implies P = Rs.\;2,500.$
$\textbf{(OR)}$
${\color{Magenta}{CI – SI = \dfrac{Pr^{2}}{100^{2}}\;\;\;(\text{for 2 years})}}$
${\color{Teal}{CI – SI = \dfrac{Pr^{2}(300+r)}{100^{3}}\;\;\;(\text{for 3 years})}}$
$\implies 77.5 = \dfrac{P \times 10^{2}(300 + 10)}{100^{3}}$
$\implies 77.5 = \dfrac{P \times 100(310)}{100^{3}}$
$\implies 77.5 = \dfrac{P \times 310}{100^{2}}$
$\implies 77.5 = \dfrac{P \times 310}{10000}$
$\implies 77.5 = \dfrac{P \times 31}{1000}$
$\implies 31P = 77.5 \times 1000$
$\implies 31P = 77500$
$\implies P = Rs.\;2500.$
So, the correct answer is $(B).$