Step 1: Relationship Between Side Length and Area.
If each side of a triangle is doubled, then the new area is:
\[
\text{New Area} = (2)^2 \times \text{Original Area} = 4 \times \text{Original Area}.
\]
Step 2: Calculate Percentage Increase.
Percentage increase is:
\[
\frac{\text{New Area} - \text{Original Area}}{\text{Original Area}} \times 100\% = \frac{4\text{Original Area} - \text{Original Area}}{\text{Original Area}} \times 100\% = 3 \times 100\% = 300\%.
\]
Step 3: Analyze the Options.
Option (1): \(200\%\) — Incorrect.
Option (2): \(300\%\) — Correct.
Option (3): \(400\%\) — Incorrect (this is total area, not increase).
Option (4): None of these — Incorrect.
Step 4: Final Answer.
\[
\boxed{300\%}
\]