K & R Builders build three models of houses,M1, M2, andM3, in three subdivisions I, II, and IIIlocated in three different areas of a city. The prices of the homes(in thousands of dollars) are given in matrix A.
What was the percentage increase in the prices of the houses? Hint:Find r such that (1 + 0.01r)A =B. r=______%
