Step 1: Determine fraction of reactant remaining.
If 87.5% reacts, then remaining reactant \(= 12.5% = \frac{1}{8}\).
Step 2: Relate to half-life.
For a first order reaction:
\[
\left(\frac{1}{2}\right)^n = \frac{1}{8} \Rightarrow n = 3
\]
Thus, 3 half-lives have elapsed in 15 minutes.
Step 3: Calculate half-life.
\[
t_{1/2} = \frac{15}{3} = 5\ \text{min}
\]
Step 4: Calculate rate constant.
For first order reaction:
\[
k = \frac{0.693}{t_{1/2}} = \frac{0.693}{5}\ \text{min}^{-1}
\]
Step 5: Conclusion.
The rate constant is \(\dfrac{0.693}{5}\ \text{min}^{-1}\).