High-energy gamma rays exhibit a finite range in water due to their interactions with matter, despite being massless and chargeless. Their intensity decays exponentially, meaning they don't have a well-defined range like charged particles do. Gamma rays interact with matter primarily through photoelectric absorption, Compton scattering, and pair production, with the dominant interaction varying by energy level. In a medium like water, these interactions lead to a finite lifetime and range for the gamma rays, while in a vacuum, they can theoretically travel indefinitely. Thus, the finite range in water is a result of absorption and scattering processes.