Half-Life: Exponential Growth and Decay

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The radioactive decay of carbon 14 is given by the equation:

M(t)=M0eln(2)5370tM\left(t\right)=M_0e^{-\frac{\ln\left(2\right)}{5370}t}

Where M0 is the initial mass, t is the time measured in years, and M(t) is the remaining mass at time t.

a) What is it meant by the half-life of carbon 14?
b) Calculate the half-life of carbon 14 in years.
c) Sketch the graph of M(t) and mark down the position of the half-life in the graph.
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