If a rectangle has an area of 500 square inches500 \text{ square inches}500 square inches, what is its area in square decimeters\text{square decimeters}square decimeters? (1 inch=2.54 cm1 \text{ inch} = 2.54 \text{ cm}1 inch=2.54 cm, 1 dm=10 cm1 \text{ dm} = 10 \text{ cm}1 dm=10 cm)
32.26 dm2\text{dm}^2dm2
3.23 dm2\text{dm}^2dm2
12.7 dm2\text{dm}^2dm2
50 dm2\text{dm}^2dm2