3. (10 points) Suppose that $12,000 is invested at a daily rate of interest of 0.05%. a. Consider first that the 0.05% referenced above is simple interest, meaning it is not reinvested with the original capital. How much interest will accrue after 60 days? b. Instead, suppose the 0.05% referenced above is compounding interest, meaning it is added to the original investment every time it accrues. How much will the investment be worth after 60 days