While the use of 1.5, 1.50, 1.500, etc can, under certain circumstances, infer different levels of accuracy, that doesn't change the fact that (numerically) 1.5 = 1.50 = 1.500, etc and that they're all equal to 3/2.
So 1.5 is the DECIMAL REPRESENTATION of a rational number. However, in itself, it can't truly be said to be a rational number as it's not expressed in the 'a/b' format with which such numbers are usually written. (i.e. if an exam question says "Express 1.5 as a rational number" the expected answer is clearly "15/10" or "3/2" and "1.5" would almost certainly be marked as incorrect).