Read each of the given problems and then select the best of the given answers in Problems 3–29.

Søren’s major bills are a variable-rate mortgage, car payments ($325/mo), food ($525/mo), and utilities ($215/mo). Last year, his monthly mortgage payment was $2,320. This year, his mortgage payment increased by 3%. How much (rounded to the nearest dollar) will his monthly mortgage payment increase?

A. $3,385

B. $2,390

C. $835

D. $70