305/55R20 is 0.87 in taller than 285/55R20 (+2.68%) and 0.79 in wider; at an indicated 60 mph you are doing 61.6 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
285/55R20 and 305/55R20, one measurement per row; the difference is 305/55R20 minus 285/55R20