Manuel needs to buy a binder, which costs $5. He would also like to buy some folders, which cost $0.75 each. He has $12. What algebraic statement can you use to find the possible number of folders he can buy?

(12 - 5) / 0.75
Explanation: first to make the statement you must subtract $5 dollars from your total of $12 dollars so that you can buy the binder, and then you divide what you have left by $0.75 and that will get you the amount of folders you can buy