Step 1: Interpret the given statement.
It is given that \( 75\% \) of the radioactive substance decays in time \( t \).
This means only \( 25\% \) of the substance remains:
\[
N = 0.25 N_0 = \frac{N_0}{4}
\]
Step 2: Use radioactive decay law.
\[
N = N_0 \left(\frac{1}{2}\right)^{t/T_{1/2}}
\]
where \( T_{1/2} \) is the half-life.
Step 3: Substitute the remaining fraction.
\[
\frac{N_0}{4} = N_0 \left(\frac{1}{2}\right)^{t/T_{1/2}}
\]
Step 4: Simplify the equation.
\[
\frac{1}{4} = \left(\frac{1}{2}\right)^{t/T_{1/2}}
\]
But,
\[
\frac{1}{4} = \left(\frac{1}{2}\right)^2
\]
Step 5: Compare powers.
\[
\left(\frac{1}{2}\right)^{t/T_{1/2}} = \left(\frac{1}{2}\right)^2
\Rightarrow \frac{t}{T_{1/2}} = 2
\]
Step 6: Solve for half-life.
\[
T_{1/2} = \frac{t}{2}
\]
Step 7: Final conclusion.
Hence, the half-life is:
\[
\boxed{\frac{t}{2}}
\]
Therefore, the correct option is
\[
\boxed{(2)\ \dfrac{t}{2}}
\]