To calculate the area of the circular base of the candle, you can use the formula for the area of a circle:
\[ A = \pi \times r^2 \]
In this case, the diameter of the candle base is 2 inches. To find the radius (r), you divide the diameter by 2:
\[ r = \frac{2}{2} = 1 \text{ inch} \]
Now, plug the radius into the area formula:
\[ A = 3.14 \times (1)^2 = 3.14 \times 1 = 3.14 \text{ in}^2 \]
Therefore, the area of the circular base of the candle is:
\[ A = 3.14 \text{ in}^2 \]
Rounded to the nearest hundredth, the answer remains:
\[ \text{Area} = 3.14 \text{ in}^2 \]