if the tree is 150 meters away and the bullet is moving at 1000 m/sec, then it will take
150 m/(1000 m/sec) = .15 seconds. This is the horizontal component.
If a = acceleration due to gravity (9.8 m/sec2) and t = time in seconds
Then the vertical distance drop is d = (1/2)at2 or (1/2)(9.8)(.15)2 = .11 meters (Distance the bullet drops)
Therefore, the distance above the ground would be 1.5 - .11 = 1.39 meters
Each component can be calculated seperately.