My attempt:
We prove that $$\displaystyle \lim\limits_{n \rightarrow \infty} \left(\frac{23n+2}{4n+1}\right) = \frac{23}{4} $$
It is sufficient to show that for an arbitrary real number $\epsilon\gt0$, there is a $K$ such that for all $n\gt K$, $$\left| \frac{23n+2}{4n+1} - \frac{23}{4} \right| < \epsilon. $$
Note that $$ \displaystyle\left| \frac{23n+2}{4n+1} - \frac{23}{4} \right| = \left| \frac{-15}{16n+4} \right| $$ and for $ n > 1 $ $$ \displaystyle \left| \frac{-15}{16n+4} \right| = \frac{15}{16n+4} < \frac{1}{n}. $$
Suppose $ \epsilon \in \textbf{R} $ and $ \epsilon > 0 $. Consider $ K = \displaystyle \frac{1}{\epsilon} $. Allow that $ n > K $. Then $ n > \displaystyle \frac{1}{\epsilon} $. So $ \epsilon >\displaystyle \frac{1}{n} $. Thus
$$ \displaystyle\left| \frac{23n+2}{4n+1} - \frac{23}{4} \right| = \left| \frac{-15}{16n+4} \right| = \frac{15}{16n+4} < \frac{1}{n} < \epsilon. $$ Thus $$ \displaystyle \lim\limits_{n \rightarrow \infty} \left(\frac{23n+2}{4n+1}\right) = \frac{23}{4}. $$
Is this proof correct? What are some other ways of proving this? Thanks!
Your proof is basically correct, but I would encourage you to practice a bit on articulating exactly what you mean. Where you say
you mean to say something like
As is, the $\epsilon$ comes out of nowhere and there's no stated restriction on $n$, so the inequality that is "sufficient" to show could be trivially true or patently false.