If the perimeter of a particular square is 2011 inches, what is the area of the square, in square inches? Express your answer in decimal form to the nearest hundredth.

P = 2w + 2L

w = width, L = length
Since, this is a square, w = L
P = 2w + 2w
P = 4w

2011 = 4w
w = 2011/4 = 502.75

A = Lw
Since this is a square, w = L = 502.75
A = (502.75)(502.75)
A = ? square inches