J.R. S. answered 10/05/17
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If you recover 50% each time you do an extraction, then after the 1st extraction you have 50%
After the 2nd, you have 50% of the remaining 50%, or another 25% for a total of 75%. Etc., etc.
The formula for such an event is fraction remaining = 0.5n where n is the number of extractions.
For 98% extraction, that would leave 2% as fraction remaining = 0.02
0.02 = 0.5n
log 0.02 = n log 0.5
-1.699 = -0.301 n
n = 5.6, so you would need to do 6 extractions.
Looking at it the long way
extraction # amount recoverd
1..................50%
2.................25%
3.................12.5%
4.................6.25%
5................3.125%
6................1.563%
Add them all up to get 98.4%