Tension in the string will be minimum when ball is at highest position
So here we can say
[tex]T + mg = F_{net}[/tex]
here we have
[tex]T + mg = \frac{mv^2}{R}[/tex]
now for minimum possible speed
T = 0
[tex]mg = \frac{mv^2}{R}[/tex]
by solving above
[tex]v = \sqrt{Rg}[/tex]
here we have
[tex]R = 75 cm[/tex]
[tex]v = \sqrt{0.75\times 9.8}[/tex]
[tex]v = 2.7 m/s[/tex]
now when string is at mid position from top to bottom it is released
so now time taken to hit the floor is given as
[tex]y = v_i t + \frac{1}{2}at^2[/tex]
[tex]0.75 = 2.7 t + 4.9 t^2[/tex]
by solving above equation
t = 0.20 s