305/55R20 is 0.22 in taller than 275/60R20 (+0.66%) and 1.18 in wider; at an indicated 60 mph you are doing 60.4 mph.
Both overall diameters at one scale, sharing a center. The detail beside them enlarges the one place they differ, and its dimension is the difference the table below states.
The difference, one row at a time
275/60R20 and 305/55R20, one measurement per row; the difference is 305/55R20 minus 275/60R20