What you have presented is an expression, not an equation, as there is no equal sign listed in the problem. The expression simplifies to:
3y + 4(y - 3) + 8 = 3y + 4y - 12 + 8 = 7y - 12 + 8 = 7y - 4
If the expression were set equal to 0, then we would have:
7y - 4 = 0
7y = 4
y = 4/7