If a chemical compound's half-life is 8 hours and a scientist currently has 120 milliliters of the compound, how many milliliters of the compound will be left after 1 day (24 hours)?

Use the formula: $\displaystyle{R}={A}{{\left(\frac{{1}}{{2}}\right)}}^{{\frac{{t}}{{h}}}}\usepackage{cmbright}\Huge\$