The governing equation for a continuous (exponential) decay is given by,

Here, the amount of substance at the beginning (t=0) is,

(a)
Given that the half-life is 4 minutes,

Substitute the value of 'k' in the expression,

It is mentioned that the amount is 118.4 gm at the beginning of the experiment,

Then the equation becomes,

This is the required formula relating 'y' to 't'.
(b)
The amount corresponding to 15 minutes is calculated as,

Thus, the amount of substance in 15 minutes is 8.8 gm approximately.