
Let the different elements be marked as shown above.The triangles comprising 1 element each are 1, 2, 5, 6, 7, 8, 11, 12, 13 and 14, i.e. 10 triangles.
The triangles comprising 2 elements each are (3 and 7), (4 and 8), (7 and 8), (13 and 14), (1 and 2), (15 and 13), and (16 and 14), i.e. 7 triangles.
The triangles comprising 3 elements each are (1, 3 and 7), (2, 4 and 8), (7, 9 and 13), (10, 8 and 14), i.e. 4 triangles.
The triangles comprising 4 elements each are (3, 4, 7 and 8), and (13, 14, 15 and 16), i.e. 2 triangles
The triangles comprising 6 elements each are 7, 9, 13, 14, 10 and 8, i.e. 1 triangle.
Therefore, total number of triangles = 10 + 7 + 4 + 2 + 1 = 24
Hence, option (4) is correct.