That's transient heat transfer. You could solve the heat equation for conduction, and is somewhat complicated in one dimension, with the equation $$ \frac {\partial u}{\partial t} = \frac k{c_p \rho}\left( \frac {\partial ^2 u}{\partial x^2} \right)$$
where $u$ is temperature, $t$ is time, and $\frac k{c_p \rho}$ is the thermal diffusitivity. This is a parabolic partial differential equation. Generally you just solve it with computers, and that's if we know more about the problem.
The real three dimensional equation is even more complicated. If we wanted to consider thinking of the water as able to actually move temperature around (and not just be $150° F$ on the surface all the time) then we would need to also involve fluid dynamics.
What's also interesting, it will only ever get closer and closer to the final temperature of $150 °F$ without ever reaching it.