Step 1: Applying the first-order reaction formula.
For a first-order reaction, the relation between the concentration of the reactant and time is given by:
\[
\ln \left( \frac{[A_0]}{[A]} \right) = kt
\]
where \( [A_0] \) is the initial concentration, \( [A] \) is the concentration at time \( t \), and \( k \) is the rate constant.
Step 2: Substituting values.
The concentration reduces to \( \frac{1}{16} \), so:
\[
\ln \left( \frac{1}{16} \right) = 60 \times t
\]
\[
\ln 16 = 60 \times t
\]
\[
2.7726 = 60 \times t
\]
Solving for \( t \):
\[
t = \frac{2.7726}{60} = 4.6 \times 10^2 \, \text{s}
\]
Step 3: Conclusion.
The time required is \( 4.6 \times 10^2 \) seconds.