Lily and Juan are planning a trip to the lake and want to rent a canoe. The canoe company charges an hourly fee of $12 and is currently offering a discount of $15 off the total cost of the rental. Lily and Juan have a total of $60 to spend on the canoe rental.

If x represents the number of full hours Lily and Juan can rent the canoe for, identify an inequality to represent this situation and describe the meaning of the solution.