We demonstrate that memory in an N-qubit system subjected to decoherence, is a potential resource for the slow-down of the entanglement decay. We show that this effect can be used to retain the sub shot-noise sensitivity of the parameter estimation in quantum interferometry. We calculate quantum Fisher information, which sets the ultimate bound for the precision of the estimation. We also derive the sensitivity of such a noisy interferometer, when the phase is either estimated from the

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... nts of the population imbalance or from the one-body density.