It is desired to borrow $2000 to meet a financial obligation. This money can be borrowed from a loan agency at a monthly interest rate of 3 percent. Determine the following:(a) The total amount of principal plus simple interest due after one 335-day year if no intermediate payments are made.(b) The total amount of principal plus compounded interest due after one 335- day year if no intermediate payments are made.(c) The nominal interest rate when the interest is compounded monthly