Step 1 :The formula for exponential decay is given by: \(y = y_0 * e^{kt}\) where \(y\) is the final amount of the substance, \(y_0\) is the initial amount of the substance, \(e\) is the base of the natural logarithm, \(k\) is the decay constant, and \(t\) is the time.
Step 2 :The decay constant \(k\) can be calculated using the half-life of the substance. The formula for the decay constant is: \(k = \frac{ln(2)}{T}\) where \(T\) is the half-life of the substance.
Step 3 :In this case, the initial amount of the substance \(y_0\) is 151.4 mg, the half-life \(T\) is 5 days, and we want to find the amount of the substance after 12 days.
Step 4 :Substituting the given values into the formula for the decay constant, we get \(k = \frac{ln(2)}{5} = 0.139\)
Step 5 :Substituting the values of \(y_0\), \(k\), and \(t\) into the formula for exponential decay, we get \(y = 151.4 * e^{-0.139*12} = 28.7\) mg
Step 6 :Final Answer: The formula relating \(y\) to \(t\) is \(y = 151.4 * e^{-0.139t}\). After 12 days, there will be approximately \(\boxed{28.7 \text{ mg}}\) of the substance left.