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3500-\frac{1}{2}
Reduce the fraction \frac{50}{100} to lowest terms by extracting and canceling out 50.
\frac{7000}{2}-\frac{1}{2}
Convert 3500 to fraction \frac{7000}{2}.
\frac{7000-1}{2}
Since \frac{7000}{2} and \frac{1}{2} have the same denominator, subtract them by subtracting their numerators.
\frac{6999}{2}
Subtract 1 from 7000 to get 6999.