Final answer:
To calculate Tyler's new salary after an 8% raise, we determine 8% of his original salary of $58,000 which is $4,640, then add it to the original salary to find that Tyler's new salary will be $62,640 per year.
Step-by-step explanation:
To calculate Tyler's new salary after receiving an 8% raise, we first need to determine the amount of the raise. This can be done by finding 8% of Tyler's current salary, which is $58,000 per year. We calculate 8% of $58,000 by multiplying the salary by the percentage raise written as a decimal: $58,000 × 0.08 = $4,640.
Once we have the amount of the raise, we add it to the original salary to find Tyler's new salary. So, Tyler's new salary would be: $58,000 + $4,640 = $62,640 per year.
In summary, after Tyler's 8% raise, his new yearly salary will be $62,640.