Alright, let's work through 9703 times 3940 step by step
9703 × 3940 = 3940 × (9703)
+ 3940 × 3 that is equal 11820
+ 3940 × 00 that is equal 0
+ 3940 × 700 which equals 2758000
+ 3940 × 9000 yielding 35460000

= 38229820
