Final answer:
After 2800 million years, 1/16 of the parent material will remain.
Step-by-step explanation:
The fraction of the parent material that will remain after 2800 million years can be calculated by dividing the time by the half-life. In this case, 2800 million years divided by 700 million years gives us 4 half-lives. Each half-life reduces the parent material by half. So, after 4 half-lives, the fraction of the parent material that will remain is 1/2 x 1/2 x 1/2 x 1/2 = 1/16.