Step 1: Understanding the Concept:
For a first-order reaction the rate constant and the half-life are linked by a fixed relation.
Step 2: Key Formula:
\[ k = \frac{0.693}{t_{1/2}} \]
Step 3: Detailed Explanation:
Convert the half-life into seconds first: 1 min 40 s \(= 60 + 40 = 100\) s.
\[ k = \frac{0.693}{100\ \text{s}} = 6.93 \times 10^{-3}\ \text{s}^{-1} \]
Step 4: Why the other options are wrong.
\(2.31\times10^{-3}\) would come from \(t_{1/2} = 300\) s, and \(1.76\times10^{-3}\) and \(4.61\times10^{-3}\) from other wrong conversions, such as using 1.40 minutes or 150 s.
Final Answer:
The rate constant is \(6.93\times10^{-3}\ \text{s}^{-1}\), option (C).
\[ \boxed{6.93\times10^{-3}\ \text{s}^{-1}} \]