What you need here is Newton's second law. Remember the unbalanced forces Fnet = ma.
where the mass is given and the net force you have calculated correctly.
If we don't have the information we need we can use the kinematic equations to determine the final position.
One thing that makes the problem easier is that the velocity and acceleration are both in the y direction, so the displacement will also be in the y-direction.
2.31 N = 0.05kg(a) so a = 2.31N/0.05kg = 46.2 m/s2 in the y-direction or in vector notation (0, 46.2, 0)
Since we have now the acceleration in the y-direction and the initial velocity also in the y=direction, we can get the displacement after 0.02 seconds Δr=Δy using
Δy=vot + 0.5at2Δ
Δy =(2.4)(0.02)+0.5(46.2)(0.02)2 = 0.048+0.00924 =0.048924 =0.49 to the correct number of significant figures.
As a vector you should have Δr = <0, 0.49, 0>