Arturo O. answered 11/21/17
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Theoretically, the amount remaining approaches zero, but is never zero for any finite time, so you have to pick a very small target amount that is greater than zero, and calculate the time it takes for the initial amount to drop to that small target amount. A final target value of 1 mg, as in Mark's solution, is reasonable, since 1 mg is only 0.2% of the initial amount of 500 mg. You can work this problem as exponential decay.
A(t) = A0e-kt, k = hours-1, positive
Get k from the data for t = 1 hr, when (100 - 20)% = 80% remains.
0.80(500) = 500e-k(1)
k = -ln0.8 ≅ 0.22314
A(t) = 500 e-0.22314 t
Now pick a very small final A, like 1 mg.
1 = 500 e-0.22314 t
Solve for t and get
t = ln(1/500) / (-0.22314) ≅ 27.85 hours
So it takes about 27.85 hours for 500 mg to drop to 1 mg.
Note that Mark's solution gives the same time:
ln 0.002 > h (ln 0.8)
Since ln(0.8) is negative,
h > ln(0.002) / ln(0.8)
h > 27.85 hours
So you have 2 methods of working this type of problem and you have sufficient information to figure out a "half-life" if you wish.