Home Sales. K & R Builders build three models of houses,M1, M2,and M3,in three subdivisions I, Ii, and III located in three different areas of acity. The prices of the houses (inthousands of dollars) are given in matrix A:

M1 M2 M3

I 340 360 380

A = II 410 430 440

III 620 660 700

K & RBuilders has decided to raise the price of each house by 3% next year. Write a matrix B giving the new prices of thehouses.