Step 1: Understanding the Question:
Two runners start together from the same point on a circular track of length \(1000\) m. The fast runner is exactly twice as quick as the slow one. They are at the same point again, for the first time, at the end of \(5\) minutes. We need the time the fast runner takes to run \(4000\) m.
Step 2: What meeting at the same point means:
Both run in the same direction on the loop. The fast runner gains distance on the slow one. They are at the same point on the track whenever the gain is a whole number of laps.
The first time this happens after the start is when the gain is exactly one lap, which is \(1000\) m.
Step 3: Use relative speed:
Let the slow runner's speed be \(v\) m/min. Then the fast runner's speed is \(2v\) m/min, so the fast runner gains \(2v - v = v\) metres every minute.
The gain of \(1000\) m takes \(5\) minutes:
\[ v \times 5 = 1000 \Rightarrow v = 200 \text{ m/min} \]
So the slow runner goes at \(200\) m/min and the fast runner at \(400\) m/min.
Step 4: Time for the whole race:
The fast runner needs to cover \(4000\) m at \(400\) m/min:
\[ \text{time} = \dfrac{4000}{400} = 10 \text{ minutes} \]
Step 5: Check the options:
\(20\) min would mean a speed of only \(200\) m/min, which is the slow runner's speed. \(15\) min would mean about \(267\) m/min, which fits neither runner. \(5\) min would mean \(800\) m/min, four times the slow speed, which breaks the "twice" condition. Only \(10\) min fits.
Final Answer:
The fastest runner finishes the race in \(10\) minutes, which is option 3.
\[ \boxed{10 \text{ min (Option 3)}} \]