Step 1: Time constant formula.
The time constant \( \tau \) for an RC circuit is given by:
\[
\tau = R \times C
\]
where:
- \( R = 200 \, \Omega \),
- \( C = 15 \, \mu F = 15 \times 10^{-6} \, \text{F} \).
Step 2: Calculating the time constant.
Substituting the values into the formula:
\[
\tau = 200 \times 15 \times 10^{-6} = 3 \times 10^{-3} \, \text{seconds} = 3 \, \text{ms}
\]
Step 3: Conclusion.
The time constant of the circuit is \( 3 \, \text{ms} \), so the correct answer is (C).