According to Snell's law,
![n_1\sin \theta_1=n_2\sin \theta_2](https://img.qammunity.org/2023/formulas/physics/college/64r2bqk26y9zvp27f9nwukpjsewmq6nhoa.png)
The refrative index of water is 1.333 and the refractive index of air is 1.
Substitute the known values,
![\begin{gathered} (1)\sin \theta_1=(1.333)\sin 43.5^(\circ) \\ \sin \theta_1=(1.333)(0.688) \\ \theta_1=\sin ^(-1)(0.917) \\ =66.5^(\circ) \end{gathered}](https://img.qammunity.org/2023/formulas/physics/college/zhvkb16l58sfg5uva79rqojojm5nzq8qo3.png)
The angle above the horizontal is calculated as,
![\begin{gathered} \theta_1=90^(\circ)-66.5^(\circ) \\ =23.5^(\circ) \end{gathered}](https://img.qammunity.org/2023/formulas/physics/college/7mzrlgo0623ob6gr5tchnjtzb33b05tzgy.png)
Thus, the actual elevation angle of Sun above the horizontal is 23.5 degree.