Question

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.

A 10%
B 8%
C 9%
D 15%
E 12%
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