Does the unit of time matter?
As long as the "Time Elapsed" and "Half-Life" use the same unit (e.g., both in years or both in minutes), the calculation works.
Significant decay has occurred, but a measurable amount remains.
Radioactive decay is exponential. It never theoretically reaches zero, but becomes statistically negligible. After 7 half-lives, less than 1% remains.
N(t) = N0 x (1/2)^(t/t1/2)N(t)Remaining quantityN0Initial quantitytTime elapsedt1/2Half-life