The formula for the area of a circle is:
A = πr^2
where A is the area and r is the radius.
Substituting the given values:
A = 3.14 x 1.75^2
A = 3.14 x 3.0625
A = 9.625625
Rounding to two decimal places:
A ≈ 9.63
Therefore, the area of each coaster is approximately 9.63 square inches.