As radioactive Parent atoms decay to stable daughter atoms (as uranium decays to lead) each disintegration results in one more atom of the daughter than was initially present and one less atom of the parent.
The probability of a parent atom decaying in a fixed period of time is always the same for all atoms of that type regardless of temperature, pressure, or chemical conditions. The time required for one-half of any original number of parent atoms to decay is the half-life, which is related to the decay constant by a simple mathematical formula.
The radioactive parent elements used to date rocks and minerals are: Radiometric dating using the naturally-occurring radioactive elements is simple in concept even though technically complex.
If we know the number of radioactive parent atoms present when a rock formed and the number present now, we can calculate the age of the rock using the decay constant.
The thing that makes this decay process so valuable for determining the age of an object is that each radioactive isotope decays at its own fixed rate, which is expressed in terms of its half-life.
So, if you know the radioactive isotope found in a substance and the isotope's half-life, you can calculate the age of the substance. Well, a simple explanation is that it is the time required for a quantity to fall to half of its starting value.
The rates at which radioactive decay occur are constant and measurable using the isotope's half-life.