Eyelids

Can you work out the shaded area surrounded by these arcs?
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$AB$ is a diameter of a circle of radius 1 cm. Two circular arcs of equal radius are drawn with centres $A$ and $B$. These arcs meet on the circle, as shown. What is the shaded area?
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Eyelids


 

If you liked this problem, here is an NRICH task which challenges you to use similar mathematical ideas.