1.
seven hundred (700)
The number 700. 七 + 百, with no sound change.
七 + 百. Both parts keep their normal shape.
Pronunciation
The alternative しちひゃく is possible but rarely used; なな is preferred throughout the hundreds because しち is easily misheard as いち. The same preference shows up in 七時 versus 七人/七人, where speakers often choose なな for clarity.