Sachin invested in scheme P at y% per annum at SI for 4 years and Scheme Q at 12% per annum at CI for 2 years. If the amount invested in both schemes are in the ratio of 3 : 5 respectively and the total interest received from both the schemes is 27.9% of the total amount invested together in both the schemes. Find the value of y.
1
10%
2
8%
3
9%
4
15%
5
12%