Formal:
* One point five
* One and a half
Informal:
* One and a half
* One point five
* One fifty
Other options:
* One and a half (This is the most common and natural way to say it in everyday speech)
* One point five zero (This is more precise but less common)
* One five (This is acceptable if the context makes it clear you're talking about a number, but it can be ambiguous)
The best way to say it depends on the situation and your audience.