To find the decay constant without an initial value, the equation A/5 = A exp(-λt) can be used, where A is the initial activity and t is the time interval. By dividing both sides by A, λ can be isolated. When given an initial activity, such as 10 mCi, the number of atoms can be calculated using the formula N = 3.7 × 10^10 / λ, where λ is the decay constant. Seven half-lives mean the remaining amount is 1/2^7 of the original quantity. Understanding these calculations is essential for accurately determining radioactive decay rates and quantities.