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- The formula for an increasing population is given by p(t)=P0ert where P0 is the initial population and r0. Derive a general formula for the time t it takes for the population to increase by a factor of M .Suppose that the initial mass of radioactive substance is m0 and the half-life of the substance is h. Let m(t) be the mass remaining at time t. a What is meant by the half-life h? b Write a formula for m(t) in terms of the half-life h. c Write a formula for the relative decay rate r in terms of the half-life h. d Write a formula for m(t) in terms of the relative decay rate r.The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is given by A(t)=a(e)rt, where a is the amount ofprincipal initially deposited into an account thatcompounds continuously. Prove that the percentageof interest earned to principal at any time t can becalculated with the formula I(t)=ert1.