Step 1 :To solve the formula for $t$, we need to isolate $t$ on one side of the equation. We can do this by dividing both sides of the equation by $r$. So, $t=\frac{d}{r}$
Step 2 :Now that we have the formula for $t$, we can substitute $d=175$ miles and $r=50$ miles per hour into the formula to find the time. So, $t=\frac{175}{50}=3.5$ hours
Step 3 :Final Answer: $t=\boxed{3.5}$ hours