Step 1: Convert half-life into seconds.
\[
t_{1/2} = 1 \text{ min } 40 \text{ sec } = 60 + 40 = 100 \text{ sec}
\]
Step 2: Use first order half-life relation.
\[
t_{1/2} = \frac{0.693}{k}
\Rightarrow k = \frac{0.693}{t_{1/2}}
\]
Step 3: Substitute value.
\[
k = \frac{0.693}{100}
= 6.93 \times 10^{-3}\, s^{-1}
\]
Final Answer:
\[
\boxed{6.93\times 10^{-3}\,s^{-1}}
\]