Final answer:
There are 117,649 possible license plates.
Step-by-step explanation:
To calculate the number of possible license plates, we need to consider the options for each digit. For the first two digits, there are 7 choices (digits 1-7). For the last three digits, there are 7 choices for each digit (letters A-G). Therefore, the total number of possible license plates is 7 * 7 * 7 = 343. However, since the letters can be repeated, we need to multiply by the number of possible arrangements of those letters. There are 7 * 7 * 7 * 7 * 7 * 7 = 117,649 possible arrangements of the letters. So, the total number of possible license plates is 7 * 7 * 7 * 7 * 7 * 7 = 117,649.