Concept:
For growth of current in an \(RL\) circuit,
\[
I=I_0\left(1-e^{-t/\tau}\right)
\]
where
\[
\tau=\frac{L}{R}
\]
is the time constant.
Step 1: Calculate the time constant.
\[
\tau=\frac{L}{R}
\]
\[
=\frac{80}{40}
\]
\[
=2\ \text{s}
\]
Step 2: Use the condition \(I=\frac{I_0}{2}\).
\[
\frac12
=
1-e^{-t/2}
\]
\[
e^{-t/2}
=
\frac12
\]
Taking natural logarithm,
\[
-\frac{t}{2}
=
\ln\left(\frac12\right)
=
-\ln2
\]
\[
t=2\ln2
\]
\[
t=2(0.693)
\]
\[
t=1.386\ \text{s}
\]
\[\begin{aligned}
\boxed{t=2\times0.693\ \text{s}}
\end{aligned}\]
Hence, option \(\mathbf{(D)}\) is correct.