To convert the area of a rectangular lot from square feet to square meters, follow these steps:

1. Calculate the area in square feet: $\text{Area (in square feet)} = \text{Length} \times \text{Width}$ $\text{Area} = 290 \, \text{ft} \times 115 \, \text{ft} = 33,350 \, \text{square feet}$

2. Convert square feet to square meters: The conversion factor from square feet to square meters is: $1 \, \text{square foot} = 0.092903 \, \text{square meters}$ So, $\text{Area (in square meters)} = 33,350 \, \text{square feet} \times 0.092903 \, \text{square meters per square foot}$ $\text{Area} \approx 3,097.24 \, \text{square meters}$

Thus, the area of the lot is approximately 3,097.24 square meters.

Would you like more details or further explanation on any part of this? Here are some related questions to explore:

1. How do you convert square yards to square meters?
2. What is the perimeter of this lot in feet and meters?
3. If the price of land is $50 per square meter, what would the total cost be?
4. How does one calculate the diagonal of the lot?
5. What is the difference between area and perimeter?

Tip: Always use the proper conversion factor when switching between units. For areas, the square of the linear conversion factor is used!