Step 1: The decay of a radioactive sample follows the exponential decay law:
\[
A(t) = A_0 e^{-\lambda t},
\]
where \( A(t) \) is the activity at time \( t \), \( A_0 \) is the initial activity, and \( \lambda \) is the decay constant.
Step 2: Using the given data \( A_0 = 9750 \, \text{counts/min} \) and \( A(5) = 975 \, \text{counts/min} \), we can solve for \( \lambda \).
\[
\frac{975}{9750} = e^{-\lambda \times 5} \quad \Rightarrow \quad \lambda \approx 0.461 \, \text{per minute}.
\]
Final Answer:
\[
\boxed{0.461 \, \text{per minute}}
\]