[[Problem]] The cost of rebuilding the San Francisco Bay Bridge to make it earthquake-safe was

[[Problem]]

The cost of rebuilding the San Francisco Bay Bridge to make it earthquake-safe was approximately $3 billion in 2004. At the time, engineers estimated that if the project were delayed to 2005, the cost would rise by 10%. If the interest rate were 2%, what would be the cost of a delay in terms of dollars in 2004?

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