Step 1: Understanding the Concept:
The unit $\text{min}^{-1}$ indicates a first-order reaction. For first-order reactions, the half-life is independent of the initial concentration.
Step 2: Formula Application:
$t_{1/2} = \frac{0.693}{k}$
Step 3: Explanation:
$t_{1/2} = \frac{0.693}{2.0 \text{ min}^{-1}} = 0.3465$ minutes.
To convert to seconds: $0.3465 \times 60 = 20.79$ seconds.
Step 4: Final Answer:
The half-life is approximately 20.8 seconds.