2010 Pascal Problem 8

In the diagram, the points are equally spaced on the number line. What number is represented by point P?

\textbf{(A)}\ 7.48\quad \textbf{(B)}\ 7.49\quad \textbf{(C)}\ 7.50\quad \textbf{(D)}\ 7.51\quad \textbf{(E)}\ 7.52

If there are no answer choices shown, enter a numerical answer.

Full credit to this problem is given to the CEMC, you may view all Pascal contests here.