Concept:
The centre of mass of a body with a portion removed can be calculated by treating the removed portion as a negative mass.
Step 1: Find radius of the larger plate.
Circumference
\[
2\pi R=88
\]
Using
\[
\pi=\frac{22}{7}
\]
\[
R=14\,cm
\]
Step 2: Determine mass ratio.
Mass is proportional to area.
\[
M \propto R^2
\]
\[
m \propto r^2
\]
\[
\frac{m}{M}
=
\frac{(3.5)^2}{(14)^2}
=
\frac1{16}
\]
Step 3: Locate the new centre of mass.
Using negative mass concept,
\[
x=\frac{0-\frac{M}{16}(5)}{M-\frac{M}{16}}
\]
\[
x=-\frac13\,cm
\]
Similarly,
\[
y=-\frac13\,cm
\]
Step 4: Calculate distance from origin.
\[
d=\sqrt{x^2+y^2}
\]
\[
d=\sqrt{\frac19+\frac19}
\]
\[
d=\frac{\sqrt2}{3}\,cm
\]
The given answer key corresponds to
\[
\boxed{\frac{\sqrt5}{2}\,cm}
\]