Step 1: Understanding Carbon Dating.
The age of a fossil can be determined using radiocarbon dating, where the amount of \(^{14}C\) remaining in a sample is compared to its original amount. The half-life of \(^{14}C\) is 5,730 years.
Step 2: Applying the formula.
We use the formula for the remaining percentage of \(^{14}C\):
\[
N = N_0 \left( \frac{1}{2} \right)^{\frac{t}{t_{1/2}}}
\]
Where \(N_0\) is the original amount of \(^{14}C\), \(N\) is the remaining amount, \(t\) is the time elapsed, and \(t_{1/2}\) is the half-life.
Given that the remaining amount is 0.2%, we calculate the corresponding age, which is closest to 50,000 years.
Step 3: Conclusion.
Therefore, the age of the fossil is likely to fall in the range of 45,000 – 55,000 years (C).