Let \( b \) represent the number of board books Santiago buys, and let \( s \) represent the number of soft cover books he buys.
According to the prices given in the problem:
- Each board book costs $1.50.
- Each soft cover book costs $0.50.
Santiago spends a total of $20, so we can write the equation representing this situation as:
\[ 1.5b + 0.5s = 20 \]
This equation indicates that the total cost of the board books and soft cover books equals $20.