Final answer:
A car rental charges $5 as a flat fee and $0.50 per mile driven.
Step-by-step explanation:
A real-world scenario for the equation y = frac12x + 5 is when a car rental charges $5 as a flat fee and $0.50 per mile driven. In this scenario, the unit rate is $0.50 per mile, which represents the cost per mile driven, and the fixed value is $5, which represents the flat fee charged regardless of the distance.