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 a city. The prices of the homes (in thousands of dollars) are given in matrix A: 
K & R Builders has decided to raise the price of each house by 3% next year. Write a matrix B giving the new prices of the houses.
Definitions:
Price of Capital
The cost of accessing funds or resources for investment purposes, often influenced by interest rates, market demand, and availability of capital.
Occupations
The various types of jobs or professions individuals engage in to earn income.
Percentage Increases
The calculation of the rise in a quantity or value expressed as a percentage of its previous value.
Engineering Professions
Fields of work that apply scientific principles, mathematics, and ingenuity to develop technological solutions and buildings, ranging from civil to electrical engineering.
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