Use the exponential decrease formula.
[tex]A=A_0e^{-kt}[/tex]First, find the constant k. The final amplitude would be half, and t = 1.
[tex]\begin{gathered} \frac{A}{2}=A\cdot e^{-k\cdot1} \\ \frac{1}{2}=e^{-k} \\ \ln (\frac{1}{2})=-k \\ k=-\ln (\frac{1}{2})\approx0.693 \end{gathered}[/tex]Then, we find the time of its five-fold decrease, which means the final amplitude is a fifth part of the initial amplitude.
[tex]\begin{gathered} \frac{A}{5}=A\cdot e^{-0.693\cdot t} \\ \frac{1}{5}=e^{-0.693\cdot t} \\ \ln (\frac{1}{5})=-0.693t \\ t=\frac{\ln (\frac{1}{5})}{-0.693} \\ t\approx2.32\sec \end{gathered}[/tex]Therefore, the time of its five-fold decrease is 2.32 seconds.