Let's find the perimeter and area of this square given this information.
Perimeter
The perimeter of a square is the total length of its four sides. Since all four sides of a square are equal in length, you can find the perimeter by multiplying the length of one side (denoted as "s") by 4.
Perimeter =

Area
The area of a square is the measure of the region enclosed by its four sides. It is calculated by squaring the length of one side (multiplying it by itself).
Area =
or

Let's begin by finding the perimeter:
For calculation's sake, we will convert the 1/2 inch to 0.5.
P = 4(s)
P = 4(3.5)
P = 14 in
Now let's calculate the area:
A = s^2
A = (3.5)^2
A = 12.25 in