The radius of the cone can be calculated using the formula for the volume of a cone: V = (1/3) * π * r^2 * h, where V is the volume, r is the radius, and h is the height.
Given that the volume V = 500 cm^3 and the height h = 5 cm, we can plug these values into the formula and solve for the radius r.
500 = (1/3) * π * r^2 * 5
500 = (5/3) * π * r^2
r^2 = 500 / ((5/3) * π)
r^2 = 300 / π
r = √(300 / π)
Therefore, the radius of the cone is approximately 9.23 cm.