Part 1)
The 15 bit wide clock counter can produce 215 sequence numbers, producing 1 every 100 milliseconds. (1 msec = 10-3 sec)
$\Rightarrow$ 1 sequence number is produced in 100 x 10-3 sec,
$\Rightarrow$ 215 sequence numbers can be produced in 215 x 100 x 10-3 seconds = 3276.8 sec $\Rightarrow$ 54.61 minutes.
As the sequence numbers will start repeating after the expiry of lifetime (which is given as 60 sec, we dont have any issue)
Part 2)
240 sequence numbers in 60 sec,
$\Rightarrow$ 1 sequence number in $\Rightarrow \frac{60}{240}$ sec
$\Rightarrow$ 215 sequence numbers in $\Rightarrow \frac{60}{240} \times 2^{15}$ = 8192 sec $\Rightarrow$ 136.53 minutes