Correct option is C
Given: 31, 32, 41, 66, 115, ?
Logic: Difference of consecutive term is perfect square of odd number.
32 - 31 = 1 = 12
41 - 32 = 9 = 32
66 - 41 = 25 = 52
115 - 66 = 49 = 72
Next perfect square of odd number is: 81 = 92
? - 115 = 81
115 + 81 = 196
So, the missing term is 196.
Thus, correct option is (c).