The half-life of a substance is the time it takes for half of the initial amount of substance to decay. Hence, we solve for t when A(t) = 500/2 = 250:
250 = 500e-0.0333t
1/2 = e-0.0333t
ln(1/2) = -0.0333t
ln(1/2)/(-0.0333) = t
t ≈ 20.8
Therefore, the half-life of the substance is about 20.8 years.
Hope this helped!