Diameter of the circular table cover=1.5m
∴Radius of the circular table cover=1.52m
Circumference of circular table cover=2πr=2×3.14×1.52=4.71m
Therefore the length of required lace is 4.71m
Now the cost of 1 m lace=Rs. 15
Then the cost of 4.71 m lace=15×4.71=Rs. 70.65
Hence, the cost of 4.71 m lace is Rs. 70.65.