Use the number 7 for x value

2. A U.S. company, Duncan Corporation has borrowed x00,000 to do an expansion in a French semiconductor factory. If the euro interest rate is x.5% per year and the Euro depreciates against the dollar from $1.60/ at the time the loan was made, to $1.5x/ at the end of the first year, how much interest will Duncan pay at the end of the first year in terms of dollars? (10 pts)