Step 1: Understanding the relation.
In a potentiometer, the balancing length is directly proportional to the length of the wire. If the length of the wire is doubled, the balancing length will also double.
Step 2: Calculation of new balancing length.
Initially, the balancing length is 1.5 m. If the length of the wire is doubled, the new balancing length will be:
\[
\text{New balancing length} = 2 \times 1.5 = 3 \, \text{m}
\]
Thus, the correct answer is (D) 3 m.