1. **State the problem:** We need to find the sum of $60.16$ and $2.31$. 2. **Formula used:** Addition of decimal numbers is done by aligning the decimal points and adding corresponding digits. 3. **Add the numbers:** $$60.16 + 2.31 = 62.47$$ 4. **Explanation:** We add the hundredths place: $6 + 1 = 7$, the tenths place: $1 + 3 = 4$, the units place: $0 + 2 = 2$, and the tens place: $6 + 0 = 6$. So, the sum is $62.47$. **Final answer:** $62.47$