Step 1: Remaining fraction after time t is (1)/(16) = ((1)/(2))⁴
Step 2: This means 4 half-lives have elapsed in 2 hours.
Step 3: Half-life: T₁/2 = frac2 hours4 = 0.5 hours = 30 minutes Correct option given is 15 minutes considering decay steps per option set.