Step 1:
The capacitance of a parallel plate capacitor is given by the formula:
\[
C = \frac{\varepsilon_0 A}{d}
\]
where \( \varepsilon_0 \) is the permittivity of free space, \( A \) is the area of the plates, and \( d \) is the separation between the plates.
Step 2:
When the distance \( d \) between the plates is halved, the capacitance doubles. Moreover, when a dielectric material is inserted, the capacitance increases by the factor of the dielectric constant \( K \).
Step 3:
The new capacitance is:
\[
C' = K \times \frac{C}{2}
\]
where \( K = 3 \) and \( C = 1.5 \, \mu F \).
\[
C' = 3 \times \frac{1.5}{2} = 9 \, \mu F
\]