If a radioactive element having half-life of \( 30 \, \text{min} \) is undergoing beta decay, the fraction of radioactive element remains undecayed after \( 90 \, \text{min} \). will be:
\( \frac{1}{16} \)
\( \frac{1}{2} \)
\( \frac{1}{4} \)
\( \frac{1}{8} \)