Step 1: Use the formula for the union of events.
We know that:
\[
P(A \cup B^C) = P(A) + P(B^C) - P(A \cap B^C).
\]
Step 2: Calculate the required probabilities.
Since \( P(B^C) = 1 - P(B) = 1 - \frac{3}{4} = \frac{1}{4} \), and \( A \) and \( B \) are independent, we have:
\[
P(A \cap B^C) = P(A) \times P(B^C) = P(A) \times \frac{1}{4}.
\]
Step 3: Plug the values into the formula.
\[
\frac{1}{2} = P(A) + \frac{1}{4} - P(A) \times \frac{1}{4}.
\]
Step 4: Solve for \( P(A) \).
Rearrange the equation:
\[
\frac{1}{4} = P(A) \times \frac{3}{4},
\]
\[
P(A) = \frac{1}{3}.
\]
Thus, \( P(A) = 0.33 \).