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The correct equation that can be used to solve the problem is:
0.60b + 0.30w = 150
where b is the number of blue balloons and w is the number of white balloons. This equation represents the total cost of purchasing 100 blue balloons and some number of white balloons that cost half the price of the blue balloons. By solving this equation, Wei can find out how many white balloons he can purchase with $150.