The nearest thousand means "rounding of any decimal numbers to its nearest thousandth value."
Let's say that this number is x.
If we rounded x to the nearest thousand, it is 3,000.
So x>3,500
Then, if we rounded this number to the nearest hundred, which means "at the tens digit. If it is 5 or more, then round up. If it is 4 or less, then round down."
So x<3,250
Looking at the straight line, the correct location is P.