Why does this result in a 15 V output voltage?
I played a little with different values such as 0.2 V for input, 10k ground resistor and feedback resistor of 80k and the formulas for voltage gain:
$$ V_{gain} = \frac {R_f}{R_{ground} +1 } $$
and
$$ V_o = gain \times V_{in} $$
and it worked but not with image settings.
Best Answer
More than likely the model of the op-amp you chose has built-in output voltage limiting to +/- 15 volts hence, with a gain of 1 + 50/5 (=11) and an input of +3 volts, it cannot produce a realizable output voltage of 33 volts and hits the built-in end-stops of +15 volts.