Step 1: Use the fraction left
After $60\%$ the fraction left is $0.4$. After $84\%$ it is $0.16=(0.4)^2$.
Step 2: Apply first order
For first order, $\ln(a/(a-x))=kt$. Squaring the fraction doubles the log, so the time doubles: $2\times20=40$ min.
Final Answer:
$40$ min, option (C).
\[ \boxed{\text{(C)}} \]