Step 1: Formula for rate constant of first-order reaction.
For a first-order reaction, the equation is given by:
\[
k = \frac{2.303}{t} \log \left( \frac{1}{1 - \text{Fraction of reactants consumed}} \right)
\]
Substitute the given values into the formula:
\[
k = \frac{2.303}{15} \log \left( \frac{1}{1 - 0.2} \right) \approx 1.48 \times 10^{-2} \, \text{min}^{-1}
\]
Step 2: Conclusion.
The correct answer is (D) \( 1.48 \times 10^{-2} \, \text{min}^{-1} \).