Step 1: Use the decay formula.
The rate of decay is given by \( \frac{dM}{dt} = -K M \), where \( K \) is the constant of proportionality. By solving this differential equation, we get:
\[
M(t) = M_0 e^{-Kt}
\]
Step 2: Solve for time.
To find the time \( t \) when the mass decays from \( M_0 \) to \( M_1 \), we substitute \( M_1 \) for \( M(t) \) and solve for \( t \). The result is:
\[
t = \frac{1}{K} \log \left( \frac{m_0}{m_1} \right)
\]
Step 3: Conclusion.
The correct answer is (C) \( \frac{1}{K} \log \left( \frac{m_0}{m_1} \right) \).