Every radioactive nucleus has the same chance of decaying in the next second, whatever its age. That is exactly a first-order process, so the equations you know apply directly, and they explain the half-lives you met before.
🔑 Key idea
$N = N_0e^{-kt}$, $\ln\dfrac{N_0}{N} = kt$, and $t_{1/2} = \dfrac{0.693}{k}$, constant for each isotope. Activity (decays per second, in becquerels) is $A = kN$, so it falls by the same law. These work at any time, not just at whole numbers of half-lives.
💡 Why it works
A nucleus has no memory and no timer. In any short time interval $dt$, each one has the same small probability $k\,dt$ of decaying. So the number that decay is proportional to the number present: $-dN/dt = kN$. That is the first-order rate law, and its solution is the exponential. Temperature, pressure and chemical bonding have essentially no effect on $k$, because the nucleus is shielded by its electrons.
Carbon-14 nuclei decaying. Each half-life removes half of whatever is left; the dating readout turns the fraction left into an age.
Worked examples
✏️ Worked example: Iodine-131
Iodine-131 has a half-life of $8.02\ \text{days}$. What percent of a sample is left after $30.0\ \text{days}$?
Thinking the half-life gets shorter as the sample shrinks, as if each nucleus carried a timer. Each nucleus's chance of decaying stays the same; only the number of nuclei changes. Check: in a first-order process every half-life is the same length.
Living things keep a steady carbon-14 level by exchanging carbon with the air; after death the C-14 decays without being replaced. The measured half-life is about 5700 years (many older books use 5730), and real radiocarbon ages are corrected with calibration curves because the level in the air has varied a little over time.
Watch half-lives date ancient wood and bone in the Science Lab's Build an Atom.