The fringe width \( \beta \) in Young's double slit experiment is given by:
\[
\beta = \frac{\lambda D}{d}
\]
where:
- \( \lambda \) is the wavelength of light,
- \( D \) is the distance between the screen and the slits, and
- \( d \) is the distance between the slits.
If the wavelength \( \lambda \) is increased by 50%, then the new wavelength becomes \( 1.5\lambda \). Similarly, if the distance between the slits \( d \) is doubled, the new value of \( d \) becomes \( 2d \).
Thus, the new fringe width \( \beta' \) will be:
\[
\beta' = \frac{1.5\lambda D}{2d} = \frac{1}{2} \times 1.5 \times \frac{\lambda D}{d} = 1.5 \times \frac{\lambda D}{d}
\]
This shows that the new fringe width is 1.5 times the original fringe width. Therefore, the percentage change in fringe width is:
\[
\text{Percentage change} = \left( \frac{1.5 - 1}{1} \right) \times 100 = 50%
\]
Thus, the correct answer is option (3), 25%.