A circle with radius of \greenD{3\,\text{cm}}3cmstart color #1fab54, 3, start text, c, m, end text, end color #1fab54 sits inside a circle with radius of \blueD{7\,\text{cm}}7cmstart color #11accd, 7, start text, c, m, end text, end color #11accd.
What is the area of the shaded region?
Round your final answer to the nearest hundredth.