The relationship between the half-life \( t_{1/2} \) and the rate constant \( k \) is given by:
\[
k = \frac{\ln(2)}{t_{1/2}}
\]
Substituting \( t_{1/2} = 6930 \, {yr} \),
\[
k = \frac{\ln(2)}{6930} = 1.00 \times 10^{-4} \, {yr}^{-1}
\]
Therefore, the rate constant is \( 1.00 \times 10^{-4} \, {yr}^{-1} \), and the correct answer is (b).