please show step by step solition for Rf using CAPM formula.

Rm, E(Ri), & beta are given.

Expected return on the market E (RM) is 5%. Expected return on the individual asset E(R) is 3%. Beta Biis 0.5. - What is the risk-free rate implied by the CAPM formula? 3% = Rs +0.5[5% Ri] = 0.5R, +2.5 - R;= 1%