Step 1: Understanding the Concept:
In Bohr's model, the orbital velocity $v_n$ and radius $r_n$ of the $n^{th}$ orbit are related to the principal quantum number $n$.
Step 2: Formula Application:
$v_n \propto \frac{1}{n}$ and $r_n \propto n^2$.
Step 3: Explanation:
Given $v_{new} = \frac{1}{3} v_1 \implies \frac{1}{n} = \frac{1}{3} \implies n = 3$.
Now, for $n = 3$, the radius $r_3 = r_1 \times n^2 = r_1 \times 3^2 = 9r_1$.
Step 4: Final Answer:
The radius of the orbit is $9r_1$.