1956 AHSME Problem 19

Two candles of the same height are lighted at the same time. The first is consumed in 4 hours and the second in 3 hours. Assuming that each candle burns at a constant rate, in how many hours after being lighted was the first candle twice the height of the second?

\textbf{(A)}\ \frac{3}{4}\qquad\textbf{(B)}\ 1\frac{1}{2}\qquad\textbf{(C)}\ 2\qquad\textbf{(D)}\ 2\frac{2}{5}\qquad\textbf{(E)}\ 2\frac{1}{2}

Full credit goes to MAA for authoring these problems. These problems were taken on the AOPS website.