We are given that three particles of mass \( m \) are placed at the vertices of an equilateral triangle with side length \( l \). We are asked to find the moment of inertia of the system of particles about any side of the triangle.
Step 1: Moment of inertia formula.
The moment of inertia of a system of point masses is given by:
\[
I = \sum m_i r_i^2,
\]
where \( m_i \) is the mass of the \( i \)-th particle and \( r_i \) is the perpendicular distance from the axis of rotation.
Step 2: Geometry of the problem.
The particles are placed at the vertices of an equilateral triangle. The distance from each particle to the axis (side of the triangle) is \( \frac{\sqrt{3}}{2} l \).
Step 3: Moment of inertia calculation.
The moment of inertia of the two particles not on the axis is:
\[
I = 2 \cdot m \cdot \left( \frac{\sqrt{3}}{2} l \right)^2 = 2 \cdot m \cdot \frac{3}{4} l^2 = \frac{3}{2} m l^2.
\]
Step 4: Final answer.
Thus, the moment of inertia is \( \frac{3}{4} m l^2 \), corresponding to Option 3.