3 A particle \(P\) of mass 0.5 kg is attached to one end of a light elastic string of natural length 0.6 m and modulus of elasticity 12 N . The other end of the string is attached to a fixed point \(O\). The particle \(P\) is projected vertically downwards with speed \(2 \mathrm {~m} \mathrm {~s} ^ { - 1 }\) from the point 0.5 m vertically below \(O\). For an instant when the acceleration of \(P\) is \(4 \mathrm {~m} \mathrm {~s} ^ { - 2 }\) downwards, find the extension of the string and the speed of \(P\).