Step 1: {Using the Speed of Light Formula}
\[
v = \frac{c}{\sqrt{\mu_r \varepsilon_r}}
\]
Step 2: {Solving for \( \varepsilon_r \)}
\[
1.5 \times 10^8 = \frac{3 \times 10^8}{\sqrt{2 \varepsilon_r}}
\]
\[
\sqrt{2 \varepsilon_r} = 2
\]
\[
\varepsilon_r = 2
\]
Thus, the correct answer is \( 2 \).