Pond runners

Can you work out how much time it will be before Katherine laps James around the pond?
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Problem



Katherine and James are jogging in the same direction around a pond.

They start at the same time and from the same place, and each jogs at a constant speed.

Katherine, the faster jogger, takes 3 minutes to complete one lap, and first overtakes James 8 minutes after starting.

How many seconds does it take James to complete one lap?

This problem is taken from the UKMT Mathematical Challenges.