The semiperimeter, s, is calculated by adding the three sides together and dividing by 2:
s = (5 + 7 + 8) ÷ 2 = 10
Then we can use the formula to calculate the area of the triangle:
area = √s(s-a)(s-b)(s-c) = √10(10-5)(10-7)(10-8) ≈ 17.32
Therefore, the area of the triangle is approximately 17.32 square units, rounded to 2 decimal places.