If you do not take into account the small spaces between each tile, you can just compare the areas.
The area of each tile will be 3.5 in x 5 in = 17.5 in2
The area of the wall is 3.5 ft x 7 ft = 24.5 ft2 x (12 in/ft)2 = 3,528 in2
So, 3528/17.5 = 201.6 tiles