Exponential decay is the process by which a quantity decreases at a rate proportional to its current value. In the context of radioactive substances, the quantity we often refer to is the mass of the substance. The mathematical model for exponential decay is captured by the formula, \( N(t) = N_0(1/2)^{t/T} \) where:
- \( N(t) \) is the amount of substance remaining after time \( t \),
- \( N_0 \) is the original amount of the substance,
- \( T \) is the half-life of the substance.
In the case of radium-224, the exponential decay formula helps us calculate the amount of isotope remaining after a given time period. For example, if you know the half-life and the remaining mass, you can determine the original mass, as in the exercise provided.
Moreover, understanding exponential decay is important not just for radioactive substances but also for other fields that model growth and decay such as finance, biology, and environmental science. The exponential decay equation provides a powerful tool for predicting future values based on current observations.