Exponential decay describes the process by which the quantity of a substance decreases at a rate proportional to its current value. The formula used to express this is \[ m(t) = m_0 \times (\frac{1}{2})^{n} \] where:
- \( m(t) \) is the remaining mass after time t.
- \( m_0 \) is the initial mass.
- \( n \) is the number of half-lives that have passed.
In the exercise, we used this formula to calculate how much of a 2.00 mg sample of \( { }^{212}_{83} \mathrm{Bi} \) would remain after 3750 hours (about 0.428 years). As we found that 0.423 half-lives had passed, we plugged this into the formula to find:
\[ m(0.428 \text{yr}) = 2.00 \text{mg} \times \left(\frac{1}{2}\right)^{0.423} = 2.00 \text{mg} \times 0.748 = 1.496 \text{mg} \]
Exponential decay is a fundamental concept in various scientific fields and can model many real-world phenomena, such as population decline, cooling of objects, and charge reduction in capacitors.