The Empirical Rule is saying that 68% of students are only 1 std deviation from the mean, 95% are 2 std deviations from the mean.
Find how many std deviations 350 and 650 are from the mean of 500.
350 - 500 = -150 ----> -150/75 = -2
650 - 500 = 150 ----> 150/75 = 2
Each are 2 std deviations from the mean. This means that about 95% of students are between 350 and 650.
By definition, 50% will be above the mean and below the mean.
Therefore 50% of the students will get a score above 500.