Concept:
General term in binomial expansion:
\[
T_{r+1}=
\binom nr a^{n-r}b^r
\]
For constant term, power of variable must become zero.
Step 1: Write general term.
\[
T_{r+1}
=
\binom{12}{r}
\left(\frac{\sqrt{x}}2\right)^{12-r}
\left(\frac{-3}{x}\right)^r
\]
Step 2: Find power of x.
Power from first factor
\[
x^{(12-r)/2}
\]
Power from second factor
\[
x^{-r}
\]
Total exponent
\[
\frac{12-r}{2}-r
\]
Constant term means
\[
\frac{12-r}{2}-r=0
\]
\[
12-r=2r
\]
\[
12=3r
\]
\[
r=4
\]
Step 3: Substitute into term.
\[
T_5=
\binom{12}{4}
\left(\frac{\sqrt{x}}2\right)^8
\left(\frac{-3}{x}\right)^4
\]
\[
=495\times\frac{x^4}{16}\times\frac{81}{x^4}
\]
\[
=495\times\frac{81}{16}
\]
\[
=495\left(\frac{9}{4}\right)^2
\]
\[
=495\left(\frac{9}{16}\right)^2
\]
Thus
\[
\boxed{495\left(\frac{9}{16}\right)^2}
\]