A scientist is observing the decay of a radioactive substance. The amount of the substance remaining is given by the function , where is the amount in grams after hours, and represents the start of the observation. The model is applicable for . If the graph of is drawn in the -plane, which of the following is the best interpretation of the -intercept of the graph in this context?
The amount of the substance decreases by 5% every hour.
The estimated amount of the substance remaining after a very long time is 500 grams.
The half-life of the substance is approximately 0.95 hours.
The initial amount of the radioactive substance at the start of the observation was 500 grams.