The fundamental frequency of a string is given by:
[tex]f_1 = \frac{1}{2L} \sqrt{ \frac{T}{\mu} } [/tex]
where L is the string's length, T the tension and [tex]\mu[/tex] the linear density of the string.
We can see that f1 is proportional to the square root of T: [tex] \sqrt{T} [/tex].
This means that if the new tension is half the initial value, the new fundamental frequency will be proportional to [tex] \sqrt{ \frac{T}{2} }= \frac{ \sqrt{T} }{ \sqrt{2} }= \frac{f_1}{ \sqrt{2} } [/tex]
So, the new fundamental frequency will be
[tex]f_1 ' = \frac{367 Hz}{ \sqrt{2} }=259.5 Hz [/tex]