Answer: Answer is 16 new releases and 22 classic movies.
Step-by-step explanation:
He'll buy 16 new releases and 22 classic movies.
Let x = number of new releases
Let y = number of classics.
The equation to solve the question will be:
20x + 8y = 500
When x= 16 and y = 22, thus will be:
= 20x + 8y
= 20(16) + 8(22)
= 320 + 176
= 496
Therefore, since this is the number closest to $500, therefore this will be the appropriate number of movies that he can buy.
In conclusion, he'll buy 16 new releases and 22 classic movies.
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